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Reply to "$7/gallon gas is coming"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Demand is down. Counterintuitively, this is why prices are up. The gas companies need to make the same profit, so with less sales, they need more margin per sale. Hence, they’ve raised the prices. [/quote] Yet 2 pages ago [quote] Yes, people can't afford Biden gas, which is why they're hitting the road in record numbers. [b]Hint: gas is expensive because there's a lot of demand for it.[/b][/quote] So which is it?[/quote] DP - Which? Combination of many things. And, some things being blamed are not actually all that true. Yes, there is high demand and consumption despite high prices. "Biden gas" - contrary to right wing rhetoric, US oil production is at historic highs. Contrary to right wing rhetoric, we currently still import less oil than we did under, say G.W. Bush. It's been repeatedly been pointed out that the gas companies are raking in record profits. They are gouging and profiteering.[/quote]
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