Quote:
Originally Posted by oil pan 4
How do you explain the price oil, gasoline, diesel going up months prior to the invasion?
And if you look at a price chart the invasion appears to have had little to no impact on prices. It was going up months before and it's kept going up since.
When the war is over and prices are still going up then what you going to blame it on?
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Did you read past the first line? There are a lot of factors outside of Ukraine.
Why were oil prices going up in 2021? Lack of supply (a large cut back in production due to the price collapse in 2020) and a massive increase in demand from a booming global economy.
Read an industry trade journal - there is no mystery to oil and gas prices. Remember the Texas freeze that took out a large portion of US refining and production? - that had an effect too.
Oil refineries shut as Texas energy industry reels from deep freeze.
https://www.dallasfed.org/research/s.../swe2102c.aspx