Quote:
Originally Posted by Atocep
I've read analysts that have said gas prices may never go down to where they were before this. Similar to covid, reliability with shipping is actually favored over efficiency and the Straight of Hormuz will never be considered reliable again.
The administration is also running out of levers to pull for gas prices and we're starting to feel the 14 million or so barrels a day removed from the market.
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One excuse will be as good as another to gouge once things settle down.
Look at groceries post covid as a prime example.