Disruptions in global supply from war in europe + when oil went negative in 2020 it took out a lot of refineries stateside and corps haven't wanted to make the risky investment to bring them back online when lockdown or price collapse could happen again.
If I were Brandon I would be subsidizing fracking and ultimately nuclear hard right now. But instead we're doubling down on electric cars and not really having a plan.
There are a few factors at play. First, global demand for oil and gas is growing, driven by economic growth in Asia. At the same time, production has been relatively flat, meaning that there's less oil and gas available on the market. This combination of factors has led to higher prices.
Finally, the Covid-19 pandemic has led to a shutdown of many parts of the global supply chain. This has led to a shortage of oil and gas, and higher prices.
Looking ahead, it's likely that gas prices will continue to rise, at least in the short term. But eventually, production will catch up to demand, and prices will start to come down. In the meantime, oil and gas companies will continue to rake in record profits.
>Gas prices are gonna be like this for at least 2 more years?
No, it will get worse.