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Joe Biden's Gas Prices are On the Rise Again, as American's Economic Outlook Languishes | texasinsider

Since the mood of the nation's consumers runs on gas prices – when they're high, pocket-book concerns worsen – rising prices at the pump are stoking fears of continued high inflation as well. Earlier this year, after rebuffing President Biden’s calls for increased production, Saudi Arabia starting reducing how much oil it sends into the global economy – but that’s not all. In the past week they've threatened to deepen the reductions further.

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Oil prices fall as coronavirus spreads outside China - Business

Oil industry analysts fear that the virus spread may lead to more travel restrictions and even less oil consumed.

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Are Record Low Gas Prices Good or Bad for the Economy?

Gas prices have plummeted across the U.S. since the coronavirus pandemic. That might be a good thing for your wallet, but is it good for the economy?

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