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Message Subject Nationwide gas prices sky rocketing since Biden elected
Poster Handle Anonymous Coward
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Good. Oil prices and the entire oil business was depressed as part of the entire country being depressed with no demand for oil. Crude and distillate prices were so low that they were unsustainable. Refineries were shut down, exploration stopped and a lot of people lost their jobs. In some cases, gasoline was being sold as a loss just to move it because inventories were so high there was no place to offload crude from ships and no place to store it. How long do you think that could go on? We also have a spike right now from last week's weather.

We were close to being in a depression and things have been improving. One of the first signs of a recovering economy is petroleum prices recovering. That is a good thing. But Biden has only been president for a month and he can hardly take credit for that.
 
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