Quote:
Originally Posted by Donger
During the pandemic, demand absolutely cratered and crude dropped with it. That led to significantly reduced production. Demand has increased and supply is having issues meeting that demand. See above:
According to new data from the Energy Information Administration (EIA), total domestic gasoline stocks decreased by 2.2 million bbl to 228.6 million bbl last week. However, gasoline demand increased slightly from 8.74 million b/d to 8.86 million b/d.
Throw in the war in Ukraine and the effects that it has had, and here we are.
I understand some people, probably including you, want to make everything about politics. And I'd be happy to discuss that in DC if you'd like. Please don't bring it in here.
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The only real question here is if supply meets demand.
It does, and exceeds it.
However, we just keep paying the high prices so why would they not keep raising the price?