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Reply to "$7/gallon gas is coming"
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[quote=Anonymous][quote=Anonymous]I guess that $7 never happened and doesn’t look like it’s going to happen anytime soon. Here is the real data: [img]https://www.eia.gov/todayinenergy/images/2023.11.22/main.svg[/img][/quote] Gas prices have basically hung around $2.75-$3.50 adjusted for inflation for the last 8 years. Other than the COVID dip, and the start of the Russian war spike. It seems after shocks, within months supply adjusts and moderates the price back to about $3. Looks like a healthy worldwide market, with US presidents only having a minimal effect. Biden has been really smart with his use and now refilling of the SPR to smooth the spike and now drop (all while making a profit).[/quote]
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