Is Biden Right About Oil Companies?

[Chicks]

After the Biden and Bezos war of words, gas prices really are coming back down to earth

https://finance.yahoo.com/news/biden...151129176.html

After hovering near the $5 mark for a while, the average price of gas could fall to $4 per gallon by mid-August, analysts predict.

Gas prices have been retreating from their highs last month for a couple of weeks now. AAA reports the average price per gallon currently stands at $4.75 nationwide, a 16-cent drop from a month ago. Wednesday’s drop of 2.8 cents per gallon was the second largest single-day drop in the last decade.

The price drop (and expected continued fall) instead is a result of lower demand at the pump, as AAA found more Americans curtailing unnecessary trips due to the price of gas—and a dip in gas futures, which are down more than 10% this week, even with a spike on Thursday.

Patrick De Haan, an analyst with GasBuddy, said Wednesday he expects most stations will see drops of one to two cents per gallon every couple of days for the next two to three weeks, possibly longer. If “things do hold steady,” he says, “the national average could drop to $4-$4.25/gal by mid-August.”

Sorry, Faux "News" (and MAGAMorons)! You won't have this issue to whine about just before the elections.