Today the price for crude is going up. Not much, but up.
Supply and demand the force behind the price of fuel, supply still down, demand still up. looks like the cost of gas at the pump will still go up. And as it gets colder, heating costs will soar upward.
There are two personal costs to look at. One would be the normal price of gas, the price you actually pay at the pump. It has slowed and even dropped slightly as Biden released some supply from national reserve, but that was just a token amount fuel. The normal price is overall still moving upward.
Then there is the real cost of gas. That relates to the value of the currency used to purchase the gas. As inflation eats away at the value of the dollar, the real cost of gas is increasing.
So even as the normal price decrease some, the gas still cost you more!
Bladeslap did you ever take any courses in economics ?
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