It’s also the reduction in supply from Russia forcing all of Europe to rely on other sources

pov you have no idea how inflation works

The oil price is what's causing the inflation you stupid mutt.

>gas prices are due to inflation
>biden cancels oil leases, shuts down pipelines, stops drilling on federal land
Yeah...inflation. and only inflation.

>cancel current oil drilling leases
>don’t issues new oil drilling leases
The gas prices are a direct cause of Brandon being a fucking retarded faggot

that 8.6% is only the bread of the sandwich.

>inflation is a constant across markets

What manner of kike math is this?

That was a good video. I have it saved somewhere. I’ll see if I can find it

Exactly. The entire tweet is a fallacy of composition: “If the average price of all goods increases by 8.6%, then any good whose price increases by more than 8.6% is gouging.” Retard tier reasoning, but that’s why they’re communists.

Because they already bet everything on this election basically. They'd rather keep pretending for as long as possible then addressing any issues.

She was a leaf I remember that much.

Of course different sets of good have different rates of inflation but it is actively in the government's interest to lie about inflation rates.

I tried to explain it

Price gouging always happens because companies need to start preparing for the unforeseen. Biden still caused this by destroying economic optimism.

What an idiot take

China has lifted much of its Covid lockdowns so there has been a lot of increased demand.

Putin disrupted Ukraine's oil exports removing 2 million barrels of oil from the market, artificial scarcity.

Speculators, taking advantage of Putin's deliberate FUD sabotage are driving nearly 65% of the price of gasoline now.

>inflation (8.6%)
Yeah assuming the government claim of inflation is correct.

>1654746171740.jpg
Here's why the meme is a lie.

Have you ever in your life noticed gas prices dropping because some new pipeline was built?
Of course not. And it would not have happened with Keystone XL either.

Gasoline prices (and oil corporation profits) were already rising before the decision was made to stop buying Russian oil. That's because oil speculators drove up the price per barrel. It's the same with oil leases. Oil companies make a little money drilling for oil on leases. Those same oil companies make pure profits by not drilling and just letting investors speculate the leases. You are paying for oil companies to not drill roughly 1/3 of the million of acres and leases already under contract. Allowing more oil leases will not increase drilling and production, it will only make this speculation issue worse. Reducing the number of leases reduces speculation and forces oil companies to actually drill rather than just tease investors with pie in the sky. Already 65% of the price you pay at the pump is a speculation surcharge.
Have you ever in your life noticed gas prices dropping because some oil and gas company bought an oil lease at an auction?
Of course not. And it would not have happened with these get-rich-quick speculated leases either.

It's costs a lot more money to drill for oil in the ANWR. Carcinogens have to be pumped down the wells to prevent the bits from overheating, polluting for centuries all the aquifers it hits along the way before it reaches the oil play. The oil operations spill oil everywhere. In Texas the dust eventually hides it, but in Alaska the oil remains rock hard sludge on the surface, releasing toxic waste every time it rains.
Have you ever in your life noticed gas prices dropping because some oil and gas was being drilled in Alaska?
Of course not. And it would not have happened because any additional profits from these operations line the pockets of billionaires, not yours.

100% this

that gas prices were going to go up was a trump supporter talking point before biden even got "elected", it was always known he was going to cancel the keystone pipeline.

>Putin disrupted Ukraine's oil exports removing 2 million barrels of oil from the market
Ukraine doesn’t export oil dumb shill. I know you lie shamelessly, but don’t be so fucking stupid about it.

They're just stupid faggots. We know Trump is a kike puppet, and have admitted it. But leftists are too dishonest and stupid to admit when they've been conned.

Attached: p2e73i.jpg (819x1024, 90.49K)

>There simply isn’t enough capacity to refine the amount of diesel and gasoline the market is currently demanding.
That's not true, although the oil industry uses that fallacy and 'peak oil' a lot.

eia.gov/petroleum/refinerycapacity/table1.pdf

Hello, snopes contributor

>t. source: my ass

You copied that from the shill .txt file but it’s tl;dr and you can’t give a qrd because you don’t know what it even says yourself

I hate this rhetorical game they play.
>if we make assumption, chosen specifically to not align with real world x then y
> therefore x then y
You can actually see how the firs tpart of his statement is actually true without even going through the effort of figuring out the wholesale price of gas, there was an article recently about a Sikh gas station owner selling gas 75c under cost, and the picture had his gas price in the background at like 5.15. Match actually checks out if you use real world examples instead of trying to shoehorn your assumptions onto reality and decrying that reality is wrong.

There are a half million acres that oil companies already have leases on. Why are they drilling on any of them?

You tap dance for the massa so good boy!

>The price of gas doesn't dictate inflation
in2013dollars.com/Gasoline-(all-types)/price-inflation#:~:text=Average prices for Gasoline, unleaded regular, per gallon/3.785, $3.84 43 more rows

Because it’s not profitable to do so. Lease does not equal actual oil under the ground. Keep posting the talking points from your file though.

Are these locations viable? Is that information in your shill textbook?

>pipeline canceled
>massive supply canceled
>price goes up
>this is specualtion
The great thing about leftists is that even if you can't prevent their rise to power their ability to crash their own economy and lead to widespread suffering is guaranteed

>why can’t these empty wells produce any oil anymore
The absolute state

The Nazibots are out in full force today.

Because oil companies have a longer view than you. They're hedging to be able to continue to deliver to their investors for the next 40 years.
When Biden creates an environment where they can't expand even if they want to then they have to make the land that they've already got last the next 40 years.

You fit in heat real well. Doing great work and your employer is getting good value for xher money

I’m surprised you didn’t call us Russians to be honest.

It isn't price gouging or inflation. It is supply-demand speculation. How the fuck do people still not understand this? Freezing oil exploration causes this. Denting drilling causes this. Shutting down pipelines causes this. Supply chain impairments causes this. War in has and oil producing regions causes this. Holy shit I hate everyone.