We are reminded of the on-the-street interview done by a local TV station about a year ago when gas prices were high. The woman being interviewed said that “I normally spend about $50 a month on gas but now I’m spending nearly $200 a month on gas”. This was obviously a hype job. Gas prices had risen about 60% temporarily but this woman was spending 400% of her previous budget on gas. Our advice to her: get a calculator…calm down…think rationally…don’t let your biases show. Fast forward to today….in an effort to head off another stupid interview, yes, gas prices are rising but it’s not Joe Biden’s fault. Russia has made the decision to reduce oil production, OPEC is holding on current production levels and demand continues to grow for oil. Put all that together and you have increasing prices. And those prices will stay high for a while because Ukraine has damaged some Russian refineries and taken them off-line. So DON’T BLAME JOE!!!!
Comments are closed