Everyone loves a good crisis. Wonder what they'll blame the Administration for next?
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News/talk ratings skyrocketing due to high gas prices
- Thread starter wastedtalent23
- Start date
It went up on Friday, but it was down $4/barrel for the entire week:
Gasoline Prices See The Largest Drop In Nearly 15 Years | OilPrice.com
While gasoline prices in the United States remain high, they have just experienced the largest one-day drop in nearly 15 years
oilprice.com
The main thing affecting gas prices, as I said earlier, is a drop in demand, brought on by the higher prices.
Will ya stop with the positivity here BigA? You're harsh-ing the blamer's buzz.
So here we are, gas prices are dropping, and the stock market is up on strong corporate earnings:
Of course earnings are up. Because prices are up. So inflation may seem like a bad thing, but it's good for earnings.
Of course earnings are up. Because prices are up. So inflation may seem like a bad thing, but it's good for earnings.
I paid $3.81 today, minus 30 cents from grocery store points. And that's beside the interstate. Two weeks ago, the same station and the one beside it were 30 cents higher than the station at the next exit. Today, the station where I got gas was five cents lower than the station at the next exit.
I didn't get on the interstate, but the store where I get points is on the street where I got gas. The store was charging $3.93. The street that goes by the station that was cheaper two weeks ago goes where I was going to begin with.
I didn't get on the interstate, but the store where I get points is on the street where I got gas. The store was charging $3.93. The street that goes by the station that was cheaper two weeks ago goes where I was going to begin with.
The world-wide drop in demand was principally brought on by COVID. In many developing nations the economies shrunk by 25% to 30%.It went up on Friday, but it was down $4/barrel for the entire week:
Gasoline Prices See The Largest Drop In Nearly 15 Years | OilPrice.com
While gasoline prices in the United States remain high, they have just experienced the largest one-day drop in nearly 15 years
The main thing affecting gas prices, as I said earlier, is a drop in demand, brought on by the higher prices.
The higher prices are a product of things like port delays for tankers, increased labor costs due to the pandemic and a shortage of workers in certain areas, the war in Crimea and a whole bunch of related things.
In the US, the return to dependency on foreign sourced petroleum and restrictions on new sources has added a percentage of high-cost non-domestic crude to our formula.
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