Quote:
Originally Posted by JMintzer
Yet prices rose over the past year+ (since November of 2020, well before Putin invaded Ukraine) even when there was less demand...
Gas prices in 2019 (before the pandemic and before the drop in demand) were about $2.50/gallon. Yet, once the pandemic hit, the only dropped a bit (to just over $2.20) during 2020. They did drop as the year progressed to under $2.00/gallon in late October/early November of 2020.
They went up over $1.00/gallon (during the peak of the pandemic and lockdowns) from November 2020 thru February 2022. (which is counter to your explanation that they should be lower due to less demand).
Once the Ukraine invasion began, they went up another $1.00+/gallon...
So to answer your question.. Your response was crystal clear. It was just incorrect...
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Sorry, its appears you are not interested. So, we will need to agree to disagree.
I am certain I don't know what all the causes are, but I am equally certain that your saying because two things did not happen simultaneously means they did not affect each other is also wrong. Seems somewhere back there you said Oil (actually big business) hates uncertainty, and that was based on futures - so, anyway.
Have fun, try reading some about global economics, the impact of the pandemic, and how just in time economics work.