First comment:
He's right. Its not.
And the fact that gas prices are hitting new highs WORLDWIDE would indicate that Biden policies are not responsible for the increase.
But hey, don't let the facts get in the way of this right-wing conservative circle-jerk that /r/economy has become. Keep putting those stickers on the gas pumps you donuts.
Followed by protracted arguing:
That's a whole lot of words to say some stupid both sides bullshit
You really play this whole anyone that disagrees with me hates minorities card.
If anyone is super into the oil industry or arguing about it there's a lot going on in there.
Everyone else in here is also probably an r-slur:
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Are gas companies actually price fixing or is it just
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No idea but here are some potential answers from Redditors.
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Heh. Redditors have discovered the secret of capitalism. Just make things infinitely expensive, then you only have to sell a few things!
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Smaller energy producers got muscled out of the industry by a combination of covid and loss leader strategies and had to either sell or fold. It also destroyed investment plans to expand energy production.
This means there is less energy supply owned by fewer companies. This means it's a seller's market. It's not price fixing they are just selling for what they can get away with.
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If gas companies were actually price fixing (and not OPEC), it would already have been resolved.
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Remember about a year ago all those banks and funds were bragging about how they would never fund oil & gas operations ever again? And how California said they were going to single-handedly end the combustion engine?
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It's massive cope
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