I had a long discussion with a friend yesterday about Gas Prices.
To me, it seems like Biden is right now artificially lowering gas prices to lower the temperature on everyone leading up to the midterms. I was paying 4.75 a gallon weeks ago and this morning I found gas for 3.35. I also noticed food this morning is lower. I did my normal monthly shopping and everything was about 50% less than it was weeks ago.
Anyone else think they're just dropping prices leading up to November?
Absolutely! As an exiled Scot in Germany! I can vouch for the same for gas, but food is still rising fast. But no POSITIVE action/reason given for the gas drop.
I believe it's all short term optics to avoid a worldwide revolt - totally subsidised by much lower fuel taxes, which is both unsustainable and kicking a bigger can down the road .... where it will likely see huge hikes again. Just in time for winter when Germany is pretty much already feck'd.
They may just think if they (not just US) can hang this particular 'in your face/wallet daily' metric out to the Midterms they may just avoid a Total blow out.
Wrong.