Elections have consequences 😂
(media.gab.com)
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People not traveling anywhere. Use gas for work and hope they got enough for groceries. This will get way way worse once the strategic reserves are gone from the pipeline.
I’m pretty sure they stopped taking from the reserve, correct me if I’m wrong but the release of oil ended last month and we are now not taking any more from that. I find it odd though that has dropped like 40 cents at the beginning of December. Maybe the other commenter is right and we’re taking oil from Venezuela. Another interesting thing that happened was Biden passed a ton of oil leases in November and October too.
Maybe, right now a barrel is hovering around 67 bucks . World wide usage has plummeted. No demand .Basically everyone is in the same boat, but others have it alittle worse than us. We are on very very thin ice right now , the oil can dry up anytime. Stock up on groceries and dry goods and everything else you might need. The Biden administration is working against us.