leddy
Well-known member
The rising demand coming out of covid coupled with the diminished capacity caused by closing refineries when covid had demand low. Jesus. This shit is common sense. Unless you’re trying to rewrite the narrative I guess.Huh?
The price doubles so the demand goes down.
That's just common sense.
Per Rasmussen Reports:
Consumers Are Driving and Spending Less Due to Rising Gas Prices
The effects of rapidly rising oil and gas prices are rippling through the U.S. economy, just as the holiday season ramps up. Keeping tabs on how the price hikes are affecting consumers, a CivicScience survey of more than 2,500 U.S. adults conducted this week learned that approximately half (49%)...civicscience.com
Rising prices mean less demand.
That's just basic economics.
Rising prices doesn’t automatically change demand. It forces alternative choices if they are available. You must have not actually taken your basic economics class. Demand for gas is less elastic than most goods. People still need to get to work for the most part.
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