Quote:
Originally Posted by Jim in CT
if the price of gas was always a function of a cost of producing the gas, profits would be the same. But it’s not that simple, and you know that. there’s no law that says the price of a gallon of gas is always 10 cents more than the cost.
It’s a commodity, it’s heavily influenced by supply and demand, it’s heavily influenced by speculation.
In the US, demand is highest in summer, and there are concerns about supply because of the war in ukraine, and because the party running washington is openly hostile to fossil fuel.
when you have high demand happening at the same time as supply concerns, guess what happens to the price?
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What a surprise Jim swooping in to defend big business
No kidding Jim demand leads to higher prices the war in Ukraine all true but doesn’t explain record profits
then you just can’t stop adding your right wing lie the party running washington is openly hostile to fossil fuel.!!
This administration has done nothing to reduce the oil pumped in America. Production is the same as when Trump was in office
It’s just another disingenuous reason why fuel prices are up.. but not surprising coming from you and Republicans . Who offer no ideas or solutions.. just cliches
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