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Oil Prices Retreat As Biden Plans Major Federal Tax Hike

Oil Prices Retreat As Biden Plans Major Federal Tax Hike
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Why Gasoline Prices Will Continue To Rise

Why Gasoline Prices Will Continue To Rise
By Robert Rapier - Mar 10, 2021, 11:00 AM CST
This past week the national average price for regular gasoline rose to $2.71 per gallon. That marks an increase of $0.46/gallon since the beginning of the year.
On a daily basis I see accusations on social media that this price rise is a consequence of Joe Biden winning the presidential election. I am going to explain why this is ludicrous, but I would pose the following to those who believe this to be the case.
(I feel the need to insert a caveat here, because many people don’t seem to make it past this point before stamping their feet and sending me hate mail. I am not saying his policies will never impact gasoline prices. I am saying that there hasn’t been time for them to yet, and we have good explanations for why prices have risen). ....

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