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Nope. This is the COVID effect and the failure of the president to deal with it. The stock market is projecting a brighter future.Originally Posted by dawg80
The proof: The biggest hit came in the hospitality industry, where hotels, restaurants and bars suffered under the yoke of restrictions that limited travel, dining and drinking.
That is COVID - not Biden.
Nah, it's all Biden's fault.
What did bad orange man do to make the price of fuel go up since mid-November?
They were lower than the previous December, for a seasonal comparison.
Every time Biden does a speech it makes me relieved to know that the adults are about to be in charge again.
In Goosey's world adults = commie bastards
Just have to know how to translate the language.
Yessir that's some really honest people, Joe, Jim and Hunter. I wonder how much they will get since Joe is president and he sells our country to the CCP. Hunter will be able to buy more cocaine a knock up more strippers.
Nah, he prefers knocking up family.
????? You haven't heard about him fathering a baby with a stripper and she filed a lawsuit for child support. It went to court and a test proved the baby was his and he still didn't want to pay child support.
https://www.google.com/amp/s/www.ind...-9594016%3famp
There you go, using a stat that does not fit into the discussion.
The prices were higher in December of 2019 because they had been higher in 2019 than in 2020.
Ok. Is there a point in here somewhere?
Yes, and you know what it is...
Gas prices have been going up since November when they had been going down for almost 4 years. Based on what Biden has said, the supplies will be cut soon and we will be dependent on foreign oil.
Now go check with the girls on the view to see what bad orange man did to make fuel prices and all things related to fuel cost to go up.
You don’t understand commodity pricing.
Prices crashed in March as their was way more supply than demand.
https://ycharts.com/indicators/us_gas_price
It took time to work the oversupply off and create an equilibrium. Meanwhile shale producers shut down many rigs, dropping the rig count dramatically and it is still way down. But it is actually going up now (which would contradict your thesis).
https://ycharts.com/indicators/us_oil_rotary_rigs
As a result of this, oil prices had started to recover to the $40s per barrel range.
Meanwhile Saudi Arabia just announce a “gift” cut in production of 1 million barrels a day for February and March which has driven oil back in to the $50s.
Of course gas prices will go up! Oil is a commodity and trades on futures. When the price of oil goes up, prices at the pump do too and always before any real price changes in oil. Folks who sell/buy gasoline base their pricing on what future supply will cost them, not what they just paid for what is sitting in their tanks presently.
And of course the price of oil will go up once the Biden wackos shut down domestic production. This will be good for Louisiana though. Not Louisianaians, but for the state's treasury.
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