anyone with a brain knows people are suffering under the Big Guys economy ! and his war on fossil fuel is causing higher prices at more places than the pump !
Remember Biden told all of us (especially the big oil companies!!!)
According to Biden
"I guarantee We Are Going To Get Rid of Fossil Fuels” September 06, 2019, 5:49 PM
So this economic idiot, told everyone especially oil companies..."I guarantee to put you out of business!"
Consequently the oil companies now had a perfect storm... perfect reasons to raise prices!
"
Hey the president guarantees we're going out of business... we need to get it NOW while we can!"
And the the banking community taking Joe at his guarantee...see another way to get more profits!
Oil companies are having a harder time finding finance as questions about climate and future oil demand increase. ." I
ncreasing questions around the future of oil demand are making it harder and harder for oil companies to secure financing from banks and other large investors for drilling projects.
As governments move to reduce greenhouse gas emissions through the expansion of electric vehicles, some financial institutions are becoming wary about investing in oil projects that take years to develop when demand could be substantially lower once production begins.
As a result, the cost of securing capital through loans and selling stock is expected to double for oil companies in the years ahead,
making projects more expensive and less desirable to investors, said Jim Burkhard, head of oil markets research at S&P Global.
The investment threshold for investing in new oil is higher today, he said.
Increasing questions around the future of oil demand are making it harder for oil companies to secure financing from banks and other large investors for drilling projects.
www.houstonchronicle.com
This is the result! The Proof! And today? $3.712/gal up from June $3.684, up from May $3.666 and so on a steady climb all because Joe Guarantees fossil fuel companies will be "rid of fossil fuels"... out of business in other words!
according to :
U.S. All Grades All Formulations Retail Gasoline Prices (Dollars per Gallon)