Why does the price of gas not seem to be affected by inflation even though industries related to the extraction/processing of gas seem to be affected?

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Why does the price of gas not seem to be affected by inflation even though industries related to the extraction/processing of gas seem to be affected?

In: Economics

4 Answers

Anonymous 0 Comments

Because oil/gas are traded on the open markets it’s subject to supply/demand price influences like a certain country dumping strategic oil supplier to artificially suppress gasoline prices and make consumers think everything is ok in the emerald city before an election cycle.

Which is ironic since that same country is stopping as much oil production/pipelines/etc from their lands as possible.

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