Frank blogged on June 13, 2024 at 04:13PM

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As far as I can tell, one of the main measures that a typical person has for inflation is the price of gas. Many complaints I read about Biden are related to gas prices. I don’t think there is an honest understanding of how gas prices work, in my opinion gas companies take advantage of every opportunity (wars, disasters, oil refinery issues) to bump up prices that rarely return to prior levels for any length of time. Do you think we will ever see gas below $3 per gallon (on average) again? Is this the fault of the President of the United States, or is it the fault of greedy corporations? How gas is priced may explain the disconnect between the graph shown here and general opinion.

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