re delusion dc

Washington DC

Description

It does appear someone is delusional. When oil was $40.00 a barrel a gal. of regular gas averaged $2.10. Now that it is around $120.00 a barrel, average price for regular is over $4.00 a gallon. The price for oil, like any commodity is regulated by supply and demand. Under biden the supply was cut forcing gas refineries to pay more for the raw product. The price for gas reflects the increase in the price of the raw product. Oil, like most all commodities is sold on the open market, futures purchased by speculators who bet on the supply going up or down. With supplies of oil curtailed, they pay more for the oil knowing that the consumer will pay more for something they have to have in order to heat their homes, drive their vehicles to work, go to the store, take kids to school etc. Oil producers make more money when the price of oil is high, not so much when the price is low. Supply and demand most always determine the price of a commodity. Biden cut production here at home and is now begging other oil producing countries to produce more, paying a higher price for their oil than we would pay if production was still at the same level as when we last had a president.