““So, Andrea, we think that gas prices should continue coming down, because we’ve seen historic spreads between the cost of crude oil and the cost that’s being paid at the pump.”
I can’t believe the ignorance of those appointed to positions in the Biden administration. Does this person think there is no cost involved in getting the product from point A to point B?
I’d be surprised if Andrea Mitchell actually knew what a “gas pump” is...
Or creating that product.
It doesn’t go from the ground to the gas pump. They forget that too.
It appears that this administration is under several false assumptions:
1) The SPR is bottomless and oil can be removed forever
2) Gas stations make lots of money selling gas, and will be willing to sell at a loss to help elect Democrats
3) Inflation is under control
There appear to be two possible explanations
1) They are hopelessly misinformed, have no idea how the real world works and are naive to the point of children
or
2) They are deliberately trying to run America into the ground by destroying our moral compass, economy, reducing our armed forces to be equal to Mexico by draining fuel, equipment, and manpower and allow a fifth column of illegal aliens destroy small communities, thereby making us a third world nation.
I guess all of the above is also a possible explanation
Good points. It appears Biden stripped our reserves and now he only wants lower gas prices through the mid-term election. Sad as heck as Biden has trashed our military plus loaded our USA with non-citizens. I say hang Biden and Obama and their relatives here.
Just like elect cars..Plug them in magically they charge, just don’t think about how the whole process works.
If I were operating a business and the government had said they were going to shutdown my business in the near future- but wanted me to lower my prices?