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Trump Offers Timeline for When Gas Prices Will Start Dropping Again (www.thegatewaypundit.com)

posted 2 days ago by ChiefWoody 2 days ago by ChiefWoody +143 / -0

Trump Offers Timeline for When Gas Prices Will Start Dropping Again

The president's message -- presented at an important roundtable in Wisconsin -- was apparently very well-received.

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– lithopedion 1 point 2 days ago +1 / -0

We are - but the rest of the world who relied on oil coming through the strait still needs oil.

What happens when supply goes down but demand stays the same? Price goes up. Nations across the world started bidding for our oil - it's an open market. Our oil companies don't have an American price per barrel, and an Everyone else price price per barrel.

When Trump mentioned folks buying American oil and sending their ships to gulf, he's right - but that increased the price folks are willing to pay around the world for our oil. Good for folks in the oil industry, not great for us.

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