All3, you just need to do the slightest bit of research to realize you are wrong.
Lumber prices ARE down right now.
Gas prices DID drop during the pandemic and are now correcting.
The reason why the price is spiking above where it was pre-pandemic is because of simple supply and demand. During the pandemic, demand for oil was down, so oil producers decreased their production to save money. Now demand is rising again (THANKS, BIDEN), but because it takes time to ramp production back up, the supply is still low. So what happens when you have lower supply and higher demand? PRICES RISE. This is econ 101 stuff, and you'll find this out if you do even basic research.
There are also other smaller factors like Texas's weather problems and OPEC negotiations that also affect oil prices, but no factor has anything to do with Biden. I cannot find a single expert in oil prices that would fault Biden for the price raises. What policy has Biden passed and implemented that would contribute to the price increases?
Someone quote this post so that if all3 won't do even a basic amount of research, someone else did it for him.
7/14/2021 12:07 PM (edited)