Last month, Twitter user Qasim Rashid tweeted the following:
Oil & Avg Gas $ June 2008:
— Qasim Rashid, Esq. (@QasimRashid) March 14, 2022
•Oil: $181.58/barrel
•Gas: $4.10/gallon
Oil & Avg Gas $ Mar 2022:
•Oil: $99.76/barrel
•Gas: $4.32/gallon
If you're blaming anyone but greedy oil companies for their price gouging—you've bought into propaganda that hurts you more than anyone else.
These numbers are not accurate. The average price of West Texas Intermediate crude oil in June 2008 was $134, not $181.58. In March 2022, it was $108, not $99.76. Gas prices were $4.05 in June 2008 and $4.22 in March 2022. So the markup on gasoline has increased modestly since 2008, but not nearly as much as this tweet suggests.
Even so, Rashid’s tweet has racked up 18,000 retweets. As of publication time, it’s still on Twitter.
Tweets like this one are on my mind as I think about Twitter’s Monday announcement that it had accepted a deal for Elon Musk to buy Twitter for $44 billion.
“Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated,” Musk said in the press release announcing the acquisition.
In recent years, Twitter has developed an increasingly elaborate system for removing various types of harmful and low-quality content from Twitter, such as hate speech, vaccine misinformation, and former President Donald Trump’s tweets tacitly endorsing the January 6 insurrection at the US Capitol.
Rashid’s tweet apparently doesn’t run afoul of any of Twitter’s rules. But garden-variety misinformation obviously isn’t helpful to a functioning democracy.
Conversations about this issue tend to break down along now-familiar partisan lines, with folks on the left demanding that social media platforms do more to fight misinformation and hate speech and folks on the right decrying that as censorship. Musk has thrown his weight behind the free-speech side of the argument; there’s little chance that Twitter will do more content moderation with Musk at the helm.
But there are options other than just taking down misinformation or leaving it up. A good starting point would be for Twitter to work harder to not actively promote misinformation. That oil tweet wound up with 18,000 retweets because Twitter is designed to maximize the distribution of highly “engaging” tweets. And engaging tweets are often bad tweets.

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