Tuesday, May 17, 2022

The Real Reason Gasoline And Diesel Prices Are So High

Diesel prices directly at the feet of the oil companies that produce, refine, and distribute these products.

Biden's attempt to deflect blame for the high prices and the attempt to flood the market with oil have both been perceived as failures, and perhaps left people confused about the primary source of cost inflation in the world today.

Are high gasoline and diesel prices the direct result of high oil prices?

High prices for diesel are certainly uncomfortably high and need to be brought into a normal framework ASAP. But are high oil prices the root cause?

Reduced demand will begin to relieve upward pressure on the prices of gasoline and diesel.

Hopefully, now you have a more complete picture of why gasoline and diesel prices are so high.

Oil companies are not to blame for high prices or inflation.

https://oilprice.com/Energy/Energy-General/The-Real-Reason-Gasoline-And-Diesel-Prices-Are-So-High.html 

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