Sigh

[Dyedinthewoolliberal]

"The President is causing gas prices to rise due to buying foreign oil. " says a conservative I know. Where can I find date to see if this is true?

[bigendian]

1. No

It’s a weak dollar economy. Oil is priced in dollars. A weaker dollar means it takes more to buy a barrel. On the other hand, it makes American produced products cheaper on the global market which keeps our manufacturing active and leading to lower unemployment.

[doc03]

2. It is also caused by the pipeline that wasn't even built

yet.

[lapfog_1]

3. for almost 2 years, people didn't drive much

for a while in many cities, wildlife returned to urban areas as people stayed inside.

Oil companies (production, refining) geared back for the reduced demand.

Now as the pandemic is (slowly) easing, there is increased demand for fuel. Oil companies have to increase production and refining again.

They are often slow to do for obvious reasons (competition makes them do so, but near monopoly status makes them attempt to take profits where they can).

[Dyedinthewoolliberal]

4. thanks friends.

I also did some googling and found lots of articles addressing this very same subject. Needless to say, my conservative friend is getting bad information. Like that 's something new!