On Tuesday, June 8, 2021 at 8:34:29 PM UTC-4, Bill wrote:
wrote:
On Tuesday, June 8, 2021 at 3:43:06 PM UTC-4, wrote:
On Tue, 8 Jun 2021 13:35:05 -0400 (EDT), justan wrote:

Bill Wrote in message:r
justan wrote: Both $3.Thanks to Joey and his crew of
incompetants.Cheap compared to here.

We have Desantis. You don't have any buffer at all between you and
those incompetants in Washington.
California likes to punish poor people. Those who can't afford an
electric car.
Gas was $2.959 today, it has been $2.799 or $2.759 at Speedway.

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The price of crude is up because increases in demand are outpacing
increases in supply. When refineries pay more for their feed-stock, the
price of their production follows right along. Planes are flying again
and people are driving a lot more.

I don’t really believe that is the cause. There is a tremendous backlog of
crude. I understand they had to slow down pumping as there was no storage
availability. I think it is a truer indicator of inflation than what the
Fed is stating.

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It's true that the price of energy flows through the economy and eventually affects the price of everything, similar to what happened in the 1970s and 80s. If demand continues to outpace supply, oil will continue to rise in price until either demand decreases or supply increases.