Gas prices lately...

[A Theist]

Then you aren't paying attention.

This is just a month old and puts the lie to the supply and demand horseshit.

https://www.usatoday.com/story/money/car...320352002/



Nope.  Simple manipulation by the energy companies looking to soak the public.  Fucking scum.

Well Min, the big oil companies manipulate gas prices by controlling the supply. US supply is down despite increased domestic production because the big oil companies have reduced imports more than the increase in domestic production. This week alone US reserves are down 2.6 million barrels. That's about an 1/8 of days supply BTW.

A couple of years ago OPEC was pumping oil as fast as they could. They wanted the price to fall in a bid to put US production companies, who have to spend more to get the oil out of the ground, out of business. As a result, gas prices around here fell to less than $2 a gallon and stayed there for a while. It almost worked. A lot of the US production companies failed. Tens of thousands of US oil workers lost their jobs. But the strongest of the US companies survived, and eventually, OPEC reduced production because the lower crude prices were hurting them as much or more than they were hurting us. When they did that prices started to go up again. Crude prices have doubled since then. Supply and demand does play a big role in energy prices whether you accept it or not.

None of this has anything to do with the price manipulation that goes on at Wall Street, but you can't blame the oil companies for that part of it.

Now you went and did it. No doubt you will have incurred the wrath of the WLMB for disagreeing with him. He'll probably call you a nazi, now.