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Soaring inflation rate under the Biden administration
#11
Jan. 2020 gas was 2.63.
July 2019 2.97

Was Biden ruining the economy then?

Those were pre-Covid prices. Before the world shutdown and the destruction of an economy.

Another myopic take. Dodgy

But, Hoot, do you feel as if the Biden administration should intervene in the oil industry to lower prices?

https://www.usatoday.com/story/money/eco...996269001/

“Global economic uncertainty and supply chain concerns caused by the lingering COVID-19 pandemic could be playing a role in keeping crude oil prices elevated,” said Andrew Gross, AAA spokesperson.“But, there may be some relief on the horizon due to the news that OPEC and its allies might ramp up production increases faster than previously agreed.”

Maybe you should talk to Big Oil.  

https://www.wsj.com/articles/chevron-pos...1627640325

“Big oil companies are raking in their highest profits since the onset of the coronavirus pandemic, but they plan to continue spending sparingly to boost production despite higher commodity prices.

Exxon Mobil Corp. reported $4.7 billion in second quarter profit Friday, while rival Chevron Corp. reported $3.1 billion in quarterly profit.

The results represented a dramatic turnaround from a year earlier, when Exxon reported a quarterly loss of $1.1 billion and Chevron lost $8.3 billion as demand for oil and gas plummeted due to the closing of economies world-wide due to the virus“

Funny, how you love beg for socialism when it affects you, Hoot.
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RE: Soaring inflation rate under the Biden administration - by Cardfan1 - 10-07-2021, 10:47 AM

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