Oil is almost back to pre-pandemic levels bros

It wasnt meant to happen like this. Why has it fallen so hard in the past 2 weeks

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it falls after the high oil price wrecks the economy.

demand destruction.

looks like double top

Bobos are euphoric while this is literally here for anyone to see lol

It means we're in a recession. Nothing to be cheerful about

>hedonism and comfort are no longer cheap ;_;
The humanity!

Recession has been here months mate. Its been masked by inflation driven GDP growth. By the time inflation starts to die down and it has a possibility of showing up on the official numbers as negative GDP it’ll already be ending.

Recession incoming. Everything is about to become cheapies.

That's not even close to "pre pandemic levels"

>almost
It needs to go down another $40 you illiterate mutt.

Its a 20% fall away.

How is 20% pre-pandemic levels? Are you pretending to be retarded or what?

>tw-twenty eighteen doesnt count as ore-pandemic levels. ok!? Only February 2020 does.

Why does it make you so angry bro

Falls 20%, price in the gas station reduced by just pennies f
Fuck the Antichrist

Because we are in a depression

2018? You mean when Democrats were complaining prices were too high then? I get mad at dipshits that don't know what the fuck they're talking about.

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Let me help you faggot

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Russia's impact on oil was overestimated.

January delivery LNG futures is where it was at, in retrospect.

You know this entire thing is in the context of inflation you dipshit?

Right, because gas prices were not a concern at all end of 2021. Just eat a shotgun, you stupid troglodyte.

There is simultaneous supply shock inflation and deflation going on in the US (in the EU not so much, because of helicopter drops of money).
Inflation faggots are naive or stupid.

Even with high inflation, gdp has been negative in nominal terms. Means the real economy is shrinking rapidly.

>changes goalpost

Pump up gas prices in January-May, bring them down by November midterms.
>look everybody, Biden fixed the economy!!! Vote dem!
Every time. Pandemic shit works the same way.

yeah it's textbook abuse, libtards fall for it every time sadly