They call it an "inelastic" market because price does not respond to demand since there are no alternates. They can say supply and demand all they want but the fact is consumers are at the mercy of producers in this market.
@SteveSwafford
28 күн бұрын
"...you gotta go back to the early days of the pandemic for that ($2/gal. gas)." It's OK to say that we have to go back to the previous president, Donald Trump, to recall lower gas prices, and that prices are higher today under president Biden due to his failing energy policies. After Trump is elected the the U.S. will again become an exporter of energy and prices will level off and/or come down.
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