Published 2 years ago

Are high gas prices actually the cure for high gas prices? Experts explain

Summary by Ground News

There's not a lot that Joe Biden, Congress or the Federal Reserve can do to bring down the record high gas prices. Big swings in prices of a good or service are typically caused by an imbalance between supply and demand. It would take many months, maybe years, to significantly increase US refinery capacity to match where it was before pandemic.

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CNN

La mejor cura para los altos precios de la gasolina podría ser... los altos precios de la gasolina

Los altos precios de la gasolina podrían regularse a sí mismos, provocando una menor demanda.

2 years ago·Atlanta, United States

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KIFI

The best cure for high gas prices could be - high gas prices - Local News 8

By Chris Isidore, CNN BusinessThere’s not a lot that Joe Biden, Congress or the Federal Reserve can do to bring down the record high gas prices. High gas prices themselves might do the job for them.That’s because big swings in prices of a good or service are typically caused by an imbalance between supply and demand. And when the imbalances cause prices to soar, as has happened to gas and oil prices since Russia invaded Ukraine in February, thos…

2 years ago·Idaho Falls, United States

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CBS News

So why are gas prices so high? Experts say the biggest factor is globally priced crude oil

President Biden is now calling on oil refineries to increase supply and to worry less about high profits.

2 years ago

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KVIA

The best cure for high gas prices could be - high gas prices

2 years ago·Panama City, United States

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KCRA 3

Are high gas prices actually the cure for high gas prices? Experts explain

Oil prices are based on trading in global commodity markets. Thus, global consumption, not just U.S. consumption, is the major driver. So what does the future look like?

2 years ago·Sacramento, United States

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WCVB

Are high gas prices actually the cure for high gas prices? Experts explain

Oil prices are based on trading in global commodity markets. Thus, global consumption, not just U.S. consumption, is the major driver. So what does the future look like?

2 years ago·Boston, United States

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