Doesn't anyone remember Biden's whole campaign in 2020? He always wore an iconic black suit with black gloves and had crazy facial hair, and his tagline every 5 seconds was "The gas is too damn low!!!" /s
On a serious note. margins on gas are notoriously low because gasoline is a "fungible commodity". That is, one source can easily be replaced with another so you have very high competition.
But in practice, there are only a very tiny number of refiners and importers. If they all collude, they can raise prices to any extent they like. The government is supposed to keep a lid on such collusion.
Oil has gone up, but not nearly to the extent to justify the prices. It's around $120/bbl but would have to be well over $400/bbl to justify the prices we're seeing.
So obviously, the refiners and importers are working with the government to spiral prices up as fast as they can to destroy the economy. This is not just fascism, it's 5th Generation Warfare against the United States.
Doesn't anyone remember Biden's whole campaign in 2020? He always wore an iconic black suit with black gloves and had crazy facial hair, and his tagline every 5 seconds was "The gas is too damn low!!!" /s
On a serious note. margins on gas are notoriously low because gasoline is a "fungible commodity". That is, one source can easily be replaced with another so you have very high competition.
But in practice, there are only a very tiny number of refiners and importers. If they all collude, they can raise prices to any extent they like. The government is supposed to keep a lid on such collusion.
Oil has gone up, but not nearly to the extent to justify the prices. It's around $120/bbl but would have to be well over $400/bbl to justify the prices we're seeing.
So obviously, the refiners and importers are working with the government to spiral prices up as fast as they can to destroy the economy. This is not just fascism, it's 5th Generation Warfare against the United States.