Just don’t know what Citi means by “economic surprise.”
According to Krugman, things aren’t all that bad.
Apparently there are still buyers.
Supply and demand is supposed to fix this sort of thing.
IN 2020 a gallon at the pump in Texas was about $1.79
Today it’s about $3.50
http://www.texasgasprices.com/retail_price_chart.aspx
Prices have in 4 years nearly DOUBLED and the MSM hardly talks about it.
Why?