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Oh, how the world turns! Some of us on the market are claiming that fuel costs are hovering as soon as extra as a result of the economic system is just too good. I imply, come on! Who’re they kidding? It is like saying your favourite sports activities crew misplaced as a result of they had been simply too superb.
Why are fuel costs skyrocketing AGAIN? It is like saying the worth of a burger ought to go up as a result of the restaurant is fashionable.
In actuality, fuel costs are influenced by a mess of things. Provide and demand, geopolitical tensions, and manufacturing prices all play a job. So, when somebody tries to pin the blame on a booming economic system, it is like blaming a sunny day for a sunburn. Positive, the solar is shining, however you continue to have to placed on some sunscreen.
Let’s not neglect concerning the different elements at play.
Biden’s insurance policies have had a big impression on fuel costs. As an example, his administration has pushed for a greener U.S. economic system, inflicting refineries to shut or repurpose their infrastructure, which has pushed up costs. Moreover, Biden’s push to launch oil from the U.S. reserve to decrease fuel costs has had a short-term impact, however it doesn’t deal with the long-term points.
So, what do you suppose? What do you suppose and say once you right here or see somebody saying the costs are going off the charts once more as a result of ‘the economic system is so good’?
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