Commodity prices always fall during a recession.
Things aren't getting better. They're about to get much worse - although gas will be cheaper...
The price of diesel is still high….big trucks and tractors don’t use gasoline
Ah, someone has nailed it. (You.)
The situation in Europe is NOT good. The West is afraid of giving the Ukies sufficient weapons to win quickly (Pooty would get mad), but can’t let Russia win either, so the bloody war drags on & Europe looks increasingly headed for serious energy shortages and a deep recession this next winter.
China for (mostly) different reasons (but given the EU still IS China’s biggest trading partner) is not looking great either.
Biden will try to spend money like crazy (as if he isn’t already!) to avoid a serious recession or worse, but, rarely does MORE gov’t meddling in the economy on this scale work without serious “unintended” bad consequences.