Here's one boggle I have.
Yes. Gas prices here in the US have gone up 200% (though they're back down a tiny bit recently). Reports are that gas companies are "making record profits" but here's the thing... Fuel companies -- like every other company out there -- have set business ratios for price to profit, right?
Say -- strictly as an example -- their business model was set to price at a "30%" profit margin. This is fairly typical across all markets, from oil companies to Walmart...
For every $1, they get 30 cents, right? So, if the price of gasoline to the consumer goes from $2 (pre-Biden) to $5 (with Biden), they're still making 30% profit, or in that case 75 cents per gallon...
This is what the "reported profit" is showing that the media wants to use to blame the oil companies for all the problems...
The physical price of a barrel of crude oil today is over 4x what it was on April 1, 2020 (immediately after resident Fumblenutz took over). $19.90 to over $87 per barrel. (source:
https://www.macrotrends.net/2566/crude-oil-prices-today-live-chart).. That means that while $87.00+ per barrel is not unique, the costs to provide that gasoline have technically quadrupled. Toss in the costs of gas used for the trucks involved, the labor shortages, the... well everything going up drastically, and you can see that oil companies are NOT the issue here...
This is the cost of America pissing off Russia over Ukraine and Trump previously pissing off China over tariffs.
America was never in a position to win an economic war with Russia, because -- since resident Fumblenutz is pushing the green new deal down our throats -- we are now back to be reliant on Russia and other enemies for our oil.... #FJB. That is all.