Just what you'd expect from an ABC affiliate--about half the story.
As they continue to fill their tanks, drivers struggle to find an explanation for those skyrocketing prices at the pump.
Experts say a major reason is the war in Ukraine and sanctions on Russian oil, driving up global oil prices — but that's not all.
Summer driving means the demand for gas is up, heading toward pre-pandemic levels. Meanwhile, the supply continues to tighten....
Why yes!! Blame Putin and wasteful, pleasure-mad American citizens!!
Meantime, an Actual News Outlet has this:
...If President Joe Biden came out forcefully on the side of increasing US oil production, the price of a barrel could fall quickly, experts told The Post — even if it takes a while to bring that new energy online....
If Biden signaled full-throated support for US drillers to get to work — and perhaps allowed the re-starting of the Keystone XL Pipeline from Canada — global oil prices could similarly fall sharply, the industry experts told The Post. “Biden could go to the oil and gas industry and say, ‘OK, I’ve said we’re going to get off oil and gas and that you guys are yesterday’s industry, but I’m going to drop that,'”...
When the old fool tells the petroleum industry that they're going to be out of business, the petroleum industry is not going to invest $$Billions in finding and refining petroleum.
But Channel 12 doesn't think that's relevant, or something.
Enjoy your vacation!
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