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Economy

OnlinePoker

(5,844 posts)

5. Could be the million plus barrels a day of refining capacity shuttered during the pandemic

Reply to jimfields33 (Reply #1)

Fri Jun 17, 2022, 12:32 PM

Jun 2022

Much of it was old plants that were planning to be shut anyway and the pandemic, with its lower gas demand, gave the impetus to shut them early. Less gasoline supply and higher demand mean higher prices.

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Soaring fuel costs pose threat to Biden administration, overall economic recovery [View all] mahatmakanejeeves Jun 2022 OP

I'm not sure why releasing the oil from reserves twice did not work jimfields33 Jun 2022 #1

Could be the million plus barrels a day of refining capacity shuttered during the pandemic OnlinePoker Jun 2022 #5

I think that is the point. Srkdqltr Jun 2022 #2

White House plan to send gas rebate cards complicated by chip shortages mahatmakanejeeves Jun 2022 #3

This is how big oil companies control our economy !!! nt Delmette2.0 Jun 2022 #4