Facts about gasoline prices.

San Francisco CA

Description

Oil prices are extremely low, and yet, gasoline prices are at record highs. The Biden administration has opened (issued permits for) oil harvesting ay EVERY U.S. oil well. And yet, oil companies are not utilizing these permits. They are limiting oil extraction from the ground to inflate crude oil prices. There are more active oil extraction permits open in the U.,S. than at any other time in history. Even more than during Trumps presidency. And yet, oil companies are exploiting covid and the war in Ukraine to artificially in late crude oil prices. The joke is on oil companies. Due to high gasoline prices, electric vehicle sales and production is through the roof. High gasoline prices are excellerating alternative fuel vehicles. Soon, gasoline powered vehicles will be far and few between. People who own gasoline powered vehicles will pay even more for fuel.