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To: M Kehoe

“...as the gasoline prices continue to skyrocket.”

Supply and demand still in effect, and demand is going up faster than supply.

(I invest heavily in oil and gas, so I keep track all the time).


6 posted on 06/10/2021 1:06:08 PM PDT by SaxxonWoods (Any comment might be sarcasm, or not. It depends. Often I'm not sure either.)
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To: SaxxonWoods

Not to mention that oil coming across the border heavily doesn’t mean that much. The price of oil is fungible, and that oil coming from Canada is going to refineries. From there some of it will go overseas.

It’s good that we refine a lot, we are the cleanest at it. And Americans make good money doing it.

The price of gas is right where it should be. It was unusually low for a while there due to lower demand. Now, a LOT more planes are flying plus Americans are driving more miles as summer hits and COVID closures are going away. Transitory.

Everything is transitory, but most people have very short memories and outlooks.


8 posted on 06/10/2021 1:13:15 PM PDT by SaxxonWoods (Any comment might be sarcasm, or not. It depends. Often I'm not sure either.)
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