On the campaign trail in 2024, President Donald Trump promised to make gas dirt-cheap again and blamed record-high gas prices on the Biden-Harris “war on energy.”
It was a variety of things tbh, but generally they were all out of anyone’s direct control.
Russia/OPEC price war, massive fluctuations in US VIX, supply shocks after the crude oil price inversion of 2020, sanctions after Russian invasion of Ukraine, logistics and distribution disruption… all contributed.
It was a variety of things tbh, but generally they were all out of anyone’s direct control.
Russia/OPEC price war, massive fluctuations in US VIX, supply shocks after the crude oil price inversion of 2020, sanctions after Russian invasion of Ukraine, logistics and distribution disruption… all contributed.