Oil down over 7% today.

[multigraincracker]

Thanks Biden.

[Tommy Carcetti]

1. And somehow gas will still manage to rise another 10 cents per gallon.

Because Oil Companies.

[ProfessorGAC]

4. Or, Take 10 Days to Drop A Dime

There's already a historical disconnect between crude & wholesale gas prices m
If prices don't go down 40 cents right quick, the disconnect gets even worse.

[Hugh_Lebowski]

2. It's only Biden's fault when the price goes up ... when it goes down it's Free Market Magic

If a RePuQ is POTUS though, it works the exact opposite way.

It's just simple economics ...

[empedocles]

3. Actual oil demand is very predictable. The rest is speculation, etc.

[Amishman]

5. Recession expectations means lower oil consumption expectations

which means falling prices.

[Emile]

6. Thank you Joe Biden!

[Thunderbeast]

7. Lower wellhead costs...

...just means Exxon and the others can buy back more stock.