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What utter nonsense people. None of you truly believe Biden has had a effect on gas prices to any large degree do you? Surely you folks arent that foolish? This is such a stupid thread.
The same Democrat cheapskates who complained and blamed like crazy about Trump, when gas would go up a nickel per gallon. You can't have it both ways.
What utter nonsense people. None of you truly believe Biden has had a effect on gas prices to any large degree do you? Surely you folks arent that foolish? This is such a stupid thread.
Bush 1 and his failed war in 1991 made oil prices the highest ever and again with Bush 2 and his 2 failed wars in 2008. Just knowing the Dems want to kill all oil use will make it go up sky high sly. 40 cents higher already in a few weeks thanks to Joe blow.
What utter nonsense people. None of you truly believe Biden has had a effect on gas prices to any large degree do you? Surely you folks arent that foolish? This is such a stupid thread.
Biden's anti-oil executive orders plus his anti-oil rhetoric have certainly caused a big part of the large increase in gasoline prices since he took office.
...As AAA’s spokesman Mark Jenkins told the Sun-Sentinel, “the biggest contributor to rising oil prices is the hope in the market that the COVID vaccine will help global fuel demand recover.â€... https://www.fastcompany.com/90597911...more-right-now
Crude is over $60/barrel for the first time in more than a year - that's why prices are going up.
I expect them to rise to levels near what they were about a year ago before the virus hit. Why would they not? That would be a positive sign of a strong recovery.
Could be a sign of pending hyperinflation due to the national debt.
Could be a sign of pending hyperinflation due to the national debt.
No. Inflation reflects a demand over supply imbalance. The global economy is so underutilized that there will be more than enough supply of goods (including oil) to meet the demands as the economy recovers from covid.
Gas prices declined last year due to weakened demand as recreational travel and commuting was impacted by COVID. Recall most auto insurers issued rebates.
The impact of this winter, especially the last 2-3 weeks, hit all major gulf coast refineries.
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You can't have it both ways.
