Quote:
Originally Posted by Regorp
Gas is still way higher overall compared to where it was in January 2021 and non BJ shoppers pay over 3.30 per gallon at Circle K.
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Don't forget we have the Ukraine war which has increased the price of oil and gas worldwide. Recently OPEC cut production in order to raise oil prices which translates to higher gas prices. OPEC says it will continue to cut production through 2024, so don't expect gas prices to drop any time soon. In addition, China is re-opening since the pandemic will create a huge demand for oil, which with lesser amounts available due to OPEC, will cause a jump in prices. Big oil, as others have pointed out, is raking in record profits, handing the bulk of those profits to executives and wealthy shareholders.