this post was submitted on 16 Aug 2024
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politics

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[–] GingeyBook@lemm.ee 8 points 3 months ago (2 children)
[–] takeda@lemmy.world 14 points 3 months ago (2 children)

People remember gas prices when there was covid and no one was driving. The cost per oil barrel was at one point negative.

[–] simplejack@lemmy.world 10 points 3 months ago

To be fair, the did get pretty high when everyone started driving and the oil industry has to spin back up after that pandemic lull. Demand outpaced supply.

And then there was OPEC fucking around, and Russia invading a nation. Even though the US produces more than it needs, the oil market prices were high as fuck.

[–] Quill7513@slrpnk.net 7 points 3 months ago (1 children)

Tankers were literally paying people to buy oil because you can't just stop the pipelines and people forget that lol

[–] Thebeardedsinglemalt@lemmy.world 4 points 3 months ago

Let's not forget, the orange turd dropped some threats to withhold military aid with Saudi Arabia to scale back gas during covid...which had a much bigger impact on gas prices spiking the following year. You know, the same time his cult followers were plastering "i did that" stickers on the pumps

[–] simplejack@lemmy.world 6 points 3 months ago

Which, now that Biden has started to think outside the box and use the strategic oil reserves in creative ways, are the most stable they’ve been in a long time.