Posted on 01/27/2021 6:40:02 PM PST by lowbridge
“The biggest contributor to rising oil prices is the hope in the market that the COVID vaccine will help global fuel demand recover,” AAA spokesman....”
Who sends these guys their scripts, anyway?
“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.
Well, one of my local enemedia outlets blamed the rising price of gas in my neck of the woods on oil.
I kid you not.
Oil did it.
With no other information or explanation.
Unemployment equals funemployment soon
Gas prices have risen the same amount in my area of Indiana. Thanks B!
That increase in gasoline prices is nothing to cheer about as it translates into higher prices for everything transported by truck including food.
Looks like the talking points are out . . .
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