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Gas prices cratered because of the lack of demand caused by the Trump Covid recession. Gas prices recovering is a sign of health

Gas prices cratered because of the lack of demand caused by the Trump Covid recession. Gas prices recovering is a sign of health | image tagged in economy,economics,gas,prices,stonks,roll safe think about it | made w/ Imgflip meme maker
888 views 2 upvotes Made by Slobama 4 years ago in politics
5 Comments
3 ups, 4y
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1 up, 4y,
1 reply
Point to head  | image tagged in point to head | made w/ Imgflip meme maker
Very short article explaining why

https://www.google.com/amp/s/www.news10.com/news/national/why-are-we-seeing-an-increase-in-gas-prices/amp/
0 ups, 4y,
1 reply
Scooby Doo Search | image tagged in scooby doo search | made w/ Imgflip meme maker
The report says nothing about the economy recovering.
2 ups, 4y,
1 reply
It was a very short article, but it did reference people driving more and taking vacations which is an economic/consumer spending indicator.

https://www.bloomberg.com/graphics/recovery-tracker/

How about that one? [more detail]

Biden's message has consistently been that beating the pandemic and economic growth go hand-in-hand and that's exactly what we're seeing now. Tons of people are getting vaccinated, people recently got their Covid stimulus checks, optimism is in the air.

People can't wait to get "back to normal." When things finally fully reopen, consumer spending will rebound (pent-up savings, desire to travel, etc.) and the economy is going to take off like a rocket.

There will be lingering scars of the pandemic, of course -- unemployment will remain higher than pre-pandemic levels for awhile and some businesses aren't coming back. Policy should address that.

But broadly speaking, there's only one place for the economy to go from here, and that's up.
0 ups, 4y
Yup, the vaccines that Trump fast tracked to production are going to really help get us back to normal soon.
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