“So what gives? Experts say optimism is fueling the increase. Traders have been driving up prices of crude oil futures — which are prices they wager the commodity will be worth over the next weeks and months — because they believe we’ll be getting back to normal life soon.”
Yeah....rriiigghhhttt.
Actually the price of oil has been going up for some time but gasoline didn’t follow at first. Now it is catching up.
Get ready for $3.50 to $4.50 within 18 months when Biden’s disaster reaches it’s full effect. Less jobs, higher prices, it’s the Democrat way.
Just last week, obunghole demanded his stand-ins (harris-Biden) get gas prices to $4.00...
IMHO, we’ll see $4.50 gas by summer...
How about this is an alternative analysis: we’ve all become involuntary investors in gasoline futures. The industry knows that the administration’s policies will Jack up prices, so the industry thinks they can get a start on the bonanza by nickel and diming now before the big increases later
filled up 2 days ago. Under Trump, usually around 37-42 bucks. under biden 56 bucks! Imagine that!
“So what gives? Experts say optimism is fueling the increase. Traders have been driving up prices of crude oil futures — which are prices they wager the commodity will be worth over the next weeks and months — because they believe we’ll be getting back to normal life soon.”
Yes, it’s the same optimism that caused the stock market to drop 500 points yesterday.