New topic- same thread

The price of gas and inflation are worldwide problems. Covid ripped economies apart so much so that when things started to get better there was pent up demand. Supply chains were not good enough to timely fix the problem. FYI, in many countries the price of gas and percent of inflation are as high or higher than in the US.

Fuel prices have increased in part because of an inflated price per barrel of oil. There are thousands of approved oil leases that have not been activated for drilling in the US. It's unlikely they will be utilized. Overseas suppliers set the price of oil by controlling production. They have the capacity to increase production which would lower the price of gas over time but have not done so thus far.

Many US companies are showing improvements in profit margins. It very unlikely it is because of cost reductions. Most likely it is because of increasing prices more than the inflation of their cost of goods.

I think the way Covid was collectively handled around the world is the culprit. That doesn't mean it should have been handled differently anywhere.

Because of the how long the inflation equation takes to reach the general public it takes a considerable amount of time to ease. it is never a quick fix. I don't think anybody knows for sure, regardless of their expertise, how much of the 'blame' should go to Trump or Biden. It takes a long time for all pieces to fall in place to be where we are.

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