Posted on May 11, 2022
Here’s why gas prices keep getting higher and higher — and when they may come down
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Summed up:
1) Demand is higher than supply post COVID when demand plummeted
2) The conflict in Ukraine has frozen fuel Russian supplies
3) The Biden Administrations internal energy policies
1) Demand is higher than supply post COVID when demand plummeted
2) The conflict in Ukraine has frozen fuel Russian supplies
3) The Biden Administrations internal energy policies
Here’s why gas prices keep getting higher and higher — and when they may come down
Posted from boston.com
Oil
Oil and Energy
Economy
Posted 2 y ago
Responses: 3
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SSG Carlos Madden '“In short, the administration has been less friendly to oil production and transport than its predecessor, at a time when markets are under supplied,” Patterson wrote. “How much that adds to the price you pay at the pump is impossible to say, but it’s a factor.”'
I can agree with this statement from the article. Most of the other stuff is "whitewash", I think.
I can agree with this statement from the article. Most of the other stuff is "whitewash", I think.
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SSG Carlos Madden
I think that last point is not the cause for the price at the pump but it certainly isn't helping either.
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The fourth problem is the Biden Administration distanced it’s self from Saudi Arabia by canceling an arms sale arranged under Trump and made approaches to Iran. When Biden needed more oil Saudi Arabia said no then refused his phone calls.
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It all started with the Biden administration if we could go back in time and stop that prices would drop about $1.75 to $2.
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