They did. That's the point. Their record breaking profits show it because they are due to increased margins, which means their production prices didn't go up, they just decided to raise prices. Along with the fact that gas prices were lower under GW Bush when crude prices were even higher than now.
While I do believe that AOC and Joy Reid are stupid, I also do not believe that Candace Owens and Ben Shapiro are America's great thinkers. This is an example of Cardinal's favorite trick: putting words in others' mouths.
What I think they fail to realize is that people see them for the hypocrites that they are. They think they can still make up the standards to whatever best fits their narrative and then do a 180° whenever they want without anyone knowing. People are waking up and noticing the game being played.
Yes they did.
Oh great. Another con who won't back up what they say and demands everyone to do his homework for him.
They raise prices because they can.
The supply is there. Like I said, your ignorance is astounding.
Yes they did.
Oh great. Another con who won't back up what they say and demands everyone to do his homework for him.
View attachment 67384925
Imagine that. Production climbing out of that republican economic fiasco and nearing record productions again. Guess you'll have to try another lie.
They raise prices because they can.
The supply is there. Like I said, your ignorance is astounding.
www.forbes.com
Opinion | Any law student can tell you why Kavanaugh's lying disqualifies him
It feels self-evident, but a judge who cannot obey the law cannot be expected to apply it.www.nbcnews.com
Opinion | Any law student can tell you why Kavanaugh's lying disqualifies him
It feels self-evident, but a judge who cannot obey the law cannot be expected to apply it.
Oh it sure has! last year -when gas a dollar cheaper- they were all nice and not greedy, But they all-en masse- secretly met and decided they could collectively jack up prices and make more profits!
None of that explains the expanded oil company profit margins. Good luck with learning how economies actually work.Oil is a global commodity. I am not sure how to make up for your lack of relevant knowledge.
The U.S. could be and is exporting lots of oil while we are experiencing shortages at home. Why ? Because others will pay more and they have contracts to fullfill.
Somewhere along the way....oil...global oil...that was available.....wasn't anymore.
What was that ? Oh gee ?
Russia Invades Ukraine
Russia and Ukraine have been at odds since before 2014 when Russia annexed Crimea. In 2021, following an unsuccessful ceasefire, Ukrainian President Volodymyr Zelenskyy sought to bring Ukraine into NATO, which angered Russian President Putin. Then in January 2022, in response, Russia sent troops to the Ukrainian border, which prompted international governments to speak out on the matter. Although oil and gasoline prices rose during 2021, YTD as of March 4, 2022, oil has risen 58% and retail gas has risen 24%. Why? Because Russia has been consistently in the top three in global oil production it was feared that the supply might be disrupted. Therefore, demand increased as the pandemic faded, while at the same time Russia invaded Ukraine.
The Real Reason Behind Surging Gas Prices
Gas prices surge. Some blame Biden. Others blame Russia. What's the real reason? Find out inside.
Yes....prices did increase in 2021 as mentioned in the article.....why ? The lack of demand from Covid was going away.
This is from the article too.....boy are you getting some good information you obviously lacked:
Gasoline prices rise and fall with the price of crude oil, though not always in sync or to the same degree. Oil is a global commodity and as such, its price is determined primarily by global supply and demand. When supply is greater than demand, prices fall. Conversely, when demand is greater than supply, prices rise. The following chart is from an article I published in 2015. It illustrates how supply and demand were catalysts for oil price movements. If you take a minute to study the chart, you will see how crude oil prices followed the supply-demand trend quite well.
Still looking up what inelastic means ?
If I look at the OP title, you must live right on main street.
Finally you learn reality.
Wow. You've ever heard of price fixing. How naive.
There's that world's most idiotic sign off.
I can't believe Biden and the Democrats are letting them get away with this. Price fixing is illegal. The Execs from the oil companies should be prrosecuted. Then the Gov't should take the excess profits ( excess determined by a panel including Sanders, Warrren and Ocasio-Corrtez) and give it back to the people, who the greedy oil companies stole it from in the first place!
Wrong again.
Increased margins disprove the "invisible hand" of the market that you are trying to go with here.
Because it is the kind of demand that people have very little choice in. "I'll just stop working so my gas demand goes down". Pretty stupid not to know such basics.
Record profits built on record margins. Can't wait for your next ignore facts and repeat ignorance approach. See you soon.
Sanders has proposed a windfall profits tax. It's not like every single republican won't filibuster it.
Great idea! We need people like him to decide how much companies can make!
We need to remove conservatives from positions of power who back and embolden corporations ripping people off and then give that politician a cut of the pie afterwards in campaign donations.
this is a great synopsis of the ins and outs oil as a global commodity.Oil is a global commodity. I am not sure how to make up for your lack of relevant knowledge.
The U.S. could be and is exporting lots of oil while we are experiencing shortages at home. Why ? Because others will pay more and they have contracts to fullfill.
Somewhere along the way....oil...global oil...that was available.....wasn't anymore.
What was that ? Oh gee ?
Russia Invades Ukraine
Russia and Ukraine have been at odds since before 2014 when Russia annexed Crimea. In 2021, following an unsuccessful ceasefire, Ukrainian President Volodymyr Zelenskyy sought to bring Ukraine into NATO, which angered Russian President Putin. Then in January 2022, in response, Russia sent troops to the Ukrainian border, which prompted international governments to speak out on the matter. Although oil and gasoline prices rose during 2021, YTD as of March 4, 2022, oil has risen 58% and retail gas has risen 24%. Why? Because Russia has been consistently in the top three in global oil production it was feared that the supply might be disrupted. Therefore, demand increased as the pandemic faded, while at the same time Russia invaded Ukraine.
The Real Reason Behind Surging Gas Prices
Gas prices surge. Some blame Biden. Others blame Russia. What's the real reason? Find out inside.
Yes....prices did increase in 2021 as mentioned in the article.....why ? The lack of demand from Covid was going away.
This is from the article too.....boy are you getting some good information you obviously lacked:
Gasoline prices rise and fall with the price of crude oil, though not always in sync or to the same degree. Oil is a global commodity and as such, its price is determined primarily by global supply and demand. When supply is greater than demand, prices fall. Conversely, when demand is greater than supply, prices rise. The following chart is from an article I published in 2015. It illustrates how supply and demand were catalysts for oil price movements. If you take a minute to study the chart, you will see how crude oil prices followed the supply-demand trend quite well.
Still looking up what inelastic means ?
If I look at the OP title, you must live right on main street.
they aren;t ripping people off, they are selling to the highest bidder in a global market where part of the supply chain has been broken..
once again KLATTU prefacing his posts with a proper title
nothing unusual for the liars media.
"Centrist"! LOL
