Gas went up due to the war in Ukraine and Russia

[Penelope]

Many year‐to year inflation numbers from 2020 to 2021 inevitably surged last year because of “baseline effect” as deflated pandemic prices bounced back when the world economy reopened. Texas crude oil thus rose from an $16.55 a barrel in April 2020 (which is why U.S. production shut down) to $61.70 in April 2021. We might call that inflation and blame it on the new President, but only if anyone imagines U.S. oil producers could have survived on $16.55 a barrel.

Second, the price of crude oil on futures markets naturally reflected prudent hedging (and speculating) against the risk of evasion long before that invasion occurred on February 24. A January 7 New York Times report offered a map showing “Russian forces now surround Ukraine on three sides, and Western officials fear a military operation could start as soon as this month.”

The graph shows that the spot price of WTI crude was below $80 a barrel before that January 7 news came out then drifted above $90 before as the risk grew stronger each week. Crude oil then spiked above $110–120 at times since the February 24 invasion. Unsurprisingly (since crude is half the cost of gasoline), prices of gasoline and diesel fuel also jumped much higher since the invasion, all around the world.

https://www.cato.org/blog/yes-russias-war-ukraine-did-raise-price-gasoline-0

the Cato Institute comes from the Koch enterprise which is libertarian.

Fox is wrong.

 

[1srelluc]

Oh look, charts and graphs.....Sorry, but that's not going to help the leftists come November because the bottom line is Tater's gas prices have been going up since the the day he was announced the "winner" because the speculators knew that his administration was going to be a clown show of epic proportions....And they were correct.

 

[HandleTheTruth]

Many year‐to year inflation numbers from 2020 to 2021 inevitably surged last year because of “baseline effect” as deflated pandemic prices bounced back when the world economy reopened. Texas crude oil thus rose from an $16.55 a barrel in April 2020 (which is why U.S. production shut down) to $61.70 in April 2021. We might call that inflation and blame it on the new President, but only if anyone imagines U.S. oil producers could have survived on $16.55 a barrel.

Second, the price of crude oil on futures markets naturally reflected prudent hedging (and speculating) against the risk of evasion long before that invasion occurred on February 24. A January 7 New York Times report offered a map showing “Russian forces now surround Ukraine on three sides, and Western officials fear a military operation could start as soon as this month.”

The graph shows that the spot price of WTI crude was below $80 a barrel before that January 7 news came out then drifted above $90 before as the risk grew stronger each week. Crude oil then spiked above $110–120 at times since the February 24 invasion. Unsurprisingly (since crude is half the cost of gasoline), prices of gasoline and diesel fuel also jumped much higher since the invasion, all around the world.

https://www.cato.org/blog/yes-russias-war-ukraine-did-raise-price-gasoline-0

the Cato Institute comes from the Koch enterprise which is libertarian.

Fox is wrong.

No doubt about it.

The right wing doesn't want to talk about the record bankruptcies that were happening during the pandemic resulting in reduced capacity and increased prices.

And Putin has even said the war in Ukraine has created record prices.

 

[1srelluc]

No doubt about it.

The right wing doesn't want to talk about the record bankruptcies that were happening during the pandemic resulting in reduced capacity and increased prices.

And Putin has even said the war in Ukraine has created record prices.

Oh you mean the one that was dragged-on for a year longer than it should have in dem states?

 

[easyt65]

Many year‐to year inflation numbers from 2020 to 2021 inevitably surged last year because of “baseline effect” as deflated pandemic prices bounced back when the world economy reopened. Texas crude oil thus rose from an $16.55 a barrel in April 2020 (which is why U.S. production shut down) to $61.70 in April 2021. We might call that inflation and blame it on the new President, but only if anyone imagines U.S. oil producers could have survived on $16.55 a barrel.

Second, the price of crude oil on futures markets naturally reflected prudent hedging (and speculating) against the risk of evasion long before that invasion occurred on February 24. A January 7 New York Times report offered a map showing “Russian forces now surround Ukraine on three sides, and Western officials fear a military operation could start as soon as this month.”

The graph shows that the spot price of WTI crude was below $80 a barrel before that January 7 news came out then drifted above $90 before as the risk grew stronger each week. Crude oil then spiked above $110–120 at times since the February 24 invasion. Unsurprisingly (since crude is half the cost of gasoline), prices of gasoline and diesel fuel also jumped much higher since the invasion, all around the world.

https://www.cato.org/blog/yes-russias-war-ukraine-did-raise-price-gasoline-0

the Cato Institute comes from the Koch enterprise which is libertarian.

Fox is wrong.

You couldn't voice your opinion on this in the other 6 - 7 threads pushing this lie? You had to start another?



Repeating the same lie over and over actually does NOT make it true... EVER.

 

[Penelope]

Oh look, charts and graphs.....Sorry, but that's not going to help the leftists come November because the bottom line is Tater's gas prices have been going up since the the day he was announced the "winner" because the speculators knew that his administration was going to be a clown show of epic proportions....And they were correct.

You can't get more libertarian than the Cato Institute.

 

[Penelope]

You couldn't voice your opinion on this in the other 6 - 7 threads pushing this lie? You had to start another?



Repeating the same lie over and over actually does NOT make it true... EVER.

fox is wrong, deal with it and I never repeated stuff.

 

[Billy_Bob]

Many year‐to year inflation numbers from 2020 to 2021 inevitably surged last year because of “baseline effect” as deflated pandemic prices bounced back when the world economy reopened. Texas crude oil thus rose from an $16.55 a barrel in April 2020 (which is why U.S. production shut down) to $61.70 in April 2021. We might call that inflation and blame it on the new President, but only if anyone imagines U.S. oil producers could have survived on $16.55 a barrel.

Second, the price of crude oil on futures markets naturally reflected prudent hedging (and speculating) against the risk of evasion long before that invasion occurred on February 24. A January 7 New York Times report offered a map showing “Russian forces now surround Ukraine on three sides, and Western officials fear a military operation could start as soon as this month.”

The graph shows that the spot price of WTI crude was below $80 a barrel before that January 7 news came out then drifted above $90 before as the risk grew stronger each week. Crude oil then spiked above $110–120 at times since the February 24 invasion. Unsurprisingly (since crude is half the cost of gasoline), prices of gasoline and diesel fuel also jumped much higher since the invasion, all around the world.

https://www.cato.org/blog/yes-russias-war-ukraine-did-raise-price-gasoline-0

the Cato Institute comes from the Koch enterprise which is libertarian.

Fox is wrong.

Another thread.... Proof positive the left is economics challenged.

 

[1srelluc]

You can't get more libertarian than the Cato Institute.

The Cato Institute is not paying to fill-up folk's gas tanks.

 

[Maxdeath]

You really have to love the really bad education most of the left seem to have gotten. Not only are they unable to understand reading of basic graphs they are unable to understand basic economics. Okay who am I kidding basic anything.
All those EOs to reverse policies that turned the US into an exporter of oil had nothing to do with oil. All the talk from Biden about ending American fossil fuel had nothing to do with oil. Limiting leases had nothing to do with oil. Blaming everyone but Biden had nothing to do with oil. But of course the oil industry knew from their crystal ball that Putin was going to invade Russia so oil started rising from Biden’s first day in office because of that prediction
You really have to love it.

 

[Billy_Bob]

WE have a supply problem created by Joe Biden... So, what do liberal idiots do... Give people more money to increase demand which in turn will further inflate the price of the commodity... Stupidity is painful... For everyone.

 

[easyt65]

You can't get more libertarian than the Cato Institute.

Gas prices began going up due to his failed actions / policies BEFORE Russia invaded Ukraine.

 

[easyt65]

fox is wrong, deal with it and I never repeated stuff.

Thank you for that triggered opinion.

 

[Muhammed]

The right wing doesn't want to talk about the record bankruptcies that were happening during the pandemic resulting in reduced capacity and increased prices.

Wrong. Let's talk about it. Let's talk about the small businesses all over the country that were fucking destroyed by leftist insurgent terrorist rioters. Let's talk about the leftist governors that arbitrarily declared many businesses to be "non-essential" and purposefully shut them down.

Go ahead, talk about that, bitch.

 

[Oddball]

You can't get more libertarian than the Cato Institute.

Cato has been infiltrated by Chamber of Commerce vulture capitalists.....They're as "libertarian" as Eddie Munster Ryan.