Quote:
Originally Posted by Stu from NYC
Except the supply of oil was also reduced as the world was waking up from covid pushing up demand.
As a result lack of supply as well as US govt telling the world oil producers that gasoline had no future pushed up pricing
|
Supply does not CHANGE or even affect DEMAND. They are INDEPENDENT factors that in tandem cause the PRICE to go up or down, which balances the equation.