Quote:
Originally Posted by jimjamuser
Fuel prices are high because of the law of supply and demand. Supply is now low so prices are high. Supply is low for many reasons. One is the purposeful keeping of supply low AKA "price gouging" at various points along the supply chain. Saudi Arabia is purposefully NOT raising supply. And Nato and Russia/China are virtually at war and possibly beginning WW3. Wars and the threat of wars always raise the price of a barrel of oil because of future supply unpredictability. Farmers are not able to plant wheat in the Ukraine so the future price of wheat is up. All goods must be transported, so there will be price increases in everything now and for the foreseeable future.
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So why were they up over a $1.00/gallon BEFORE all of that happened?