Okay.
So far I’ve seen a lot of anti-liberal invective, and even some charts tossed out, but no attempt to offer an alternative plausible theory behind the gas price rises that rebuts my demand-focused theory — which is based on everything I’ve seen and read about the ending of the Covid pandemic era (which caused demand to slump so drastically in the first place) and witnessed directly in terms of the economic activity in my area.
It’s not enough to post a chart and try to flex. You have to offer an alternative theory.
In terms of basic economics, the two other basic options available to you are:
1. The supply of oil contracted;
2. Oil & gas companies have conspired to collusively raise prices on consumers for no reason other than they can (behaving as a monopoly).
So? What is it?
The Colonial Pipeline hack that has been in the news lately doesn’t really work since gas prices had already risen by then - it’s also a more regional event, to my knowledge (there hasn’t been panic-buying at the pump where I live).
Or do you think Joe Biden is somehow evilly raising gas prices just to make you mad?