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The only real way to bring down inflation is to raise interest rates, and the Fed is doing that now. They waited too long to act.I get what you mean but just looking at it sounds like a Harris sentence. Let's hope we get back under $3, then we should see some moderation in inflation, the good news is it should slow because of last year's numbers being high.
From Big Oil to Big Pharma, huge corporations are gouging consumers and exploiting the pandemic to pad their own pockets
You are an idiot.The price of oil has come down slightly for two reasons:
1. Potatohead is depleting the Strategic Petroleum Reserve.
2. Demand has fell because the price is so high that some people cannot afford to buy as much as they use to.
Yes, Potatohead gets credit for the stupidity.
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The $4 trillion being dumped into an economy with low interest rates was the real issue. Government spending on such large scales creates inflation and I am happy we didn't pass the massive spending bill last January, that could have worsened and prolonged the inflation and supply chain shortages.The only real way to bring down inflation is to raise interest rates, and the Fed is doing that now. They waited too long to act.
The Fed has completely detached interest rates from what the market dictates they should be. The Fed has been doing this ever since the Great Recession.
It was just a matter of time before it blew up in their faces.
People are literally parking their cars and going no where, because food and gas are so high they cannot afford to drive their cars. That has more to do with the current price of gas more than anything.An economic shut down over a pandemic. Great times. Don't you wish we could relive those great times?
But to address the point, no it's not anything Biden did. It's a broken system. The markets should not be permitted to play with people's lives and the economy this way.
This constant up and down is horrible for an economy. People can not plan long term when long term is so unpredictable.
To touch on another thread that was posted here, Gas outside of Athens Ohio was $4.99 yesterday. Not an hour away in Chillicothe Ohio it was $4.15. That isn't because of the fundamentals of price/cost. (Both at Speedway stations).
I made a remark the other day about Goldman Sachs urging the price of oil higher. It did go up the next day but then has dropped off even further. Why did they want this done? They want the people to pay high fuel prices to address inflation as opposed to the Fed raising interest rates.
From Big Oil to Big Pharma, huge corporations are gouging consumers and exploiting the pandemic to pad their own pockets
Remember kids, Liberals Lie 24-7You are an idiot.
Demand has not fallen. Supply has increased.
World Crude Oil Production Monthly Trends: International Energy Statistics | YCharts
In depth view into World Crude Oil Production including historical data from 1973 to 2024, charts and stats.
Let's hope we get back under $3
From Big Oil to Big Pharma, huge corporations are gouging consumers and exploiting the pandemic to pad their own pockets
You are an idiot.
Demand has not fallen. Supply has increased.
World Crude Oil Production Monthly Trends: International Energy Statistics | YCharts
In depth view into World Crude Oil Production including historical data from 1973 to 2024, charts and stats.
Prepare to be shocked.I will be shocked if we ever get back under 3 dollars again as a national average.
Prepare to be shocked.
Americans are not buying as much gas at the pump for this time of year
Oh.... well we really don't care as we are having to put our cards in twice just to fill our trucks and cars up once....Sorry, I meant the price of gas lags behind the price of oil.
I will be shocked if we ever get back under 3 dollars again as a national average.
