Joe Biden wants the American people to believe that he is responsible for falling prices.
That narrative was blown out of the water this week.
There is a reason why gasoline prices have fallen, but it has nothing at all to do with Biden.
The Reality Is…
Supply has not caught up with demand.
The reality is that demand has shrunk to supply.
Gasoline prices were so high that people were figuring out different ways to get around.
The result of which was supply had fallen to its lowest point since July 2020.
Current demand is about 1.24 million barrels LESS than it has been over the last year.
Over the last seven weeks, because demand has fallen, gasoline prices have dropped from just over $5.00 per gallon to less than $4.13 per gallon.
So, sorry, Joe, you had nothing to do with this.
It was the American people that took control of the situation and started to fix your mess.
Source: New York Post
