Politico came out with quite an article on Tuesday, entitled “Energy experts said gas prices would stay high. Why were they wrong?”
The article reads exactly how one would expect it to with such a headline, as it effectively asks why so many energy “experts” were wrong about the long-term harm of energy prices under Trump.
As you’ve undoubtedly heard — and probably felt — gas prices spiked during the worst of the Iran conflict. But instead of remaining high, gas prices have been falling quickly of late.
Or, in other words, these affordable gas prices are “defying expert predictions of a long summer slog with sky-high prices.”
Politico laid out the blunt reality: “Instead of spiraling upward, the average price at the pump has plummeted 70 cents per gallon in a month from a peak of $4.56.”
Oh.
To their minimal credit, Politico at least admitted that they too were wrong, having penned an earlier story about how the experts were predicting doom and gloom for the economy.
The outlet admitted, “It wasn’t supposed to work this way, according to energy experts whose predictions of $150 barrel of oil, $5 gasoline and summer recessions were widely quoted in the media, including POLITICO.”
“It’s the weirdest thing,” one oil analyst told the outlet. “I’ve never seen a market like this.”
Now, here’s the thing: I’m not nearly smart enough to tell you what these experts were actually basing their forecasts on. What I am smart enough to opine on is that this current politicized media landscape heavily favors narratives over facts — and that should be alarming to anyone, whether they’re Democrat or Republican.
