A recession might explain the recent small drop in gasoline prices. Demand is falling off as the economy shrinks.
“A recession might explain the recent small drop in gasoline prices. Demand is falling off as the economy shrinks.”
You are correct. Biden can take credit for the dropping gas price. He put us in a recession via his economic policies and the war on carbon based fuels.
Price is determined by present demand and anticipated future demand in this recession. Yep, give slow Joe credit.
Next step in this fiasco is Stagflation as in the years of Carter.
The fuel prices are going to swing back in the fall. School travel, business travel, and harvest expenses will eat up any surplus.
We will be around $4.50 a gallon by Halloween.