pianogonzology: A Little . . .

Friday, February 19, 2021

A Little . . .

https://www.nytimes.com/2012/02/21/science/four-new-species-of-tiny-

chameleons-are-found-in-madagascar.html

. . . logic for those who think the price of gasoline is an indication of the coming apocalypse or that the current U.S. president has failed them . . .

(from https://www.fastcompany.com/90597911/why-are-gas-prices-rising-heres-the-weird-but-simple-reason-youre-paying-more-right-now)

". . . Optimism over the vaccine rollout and a belief that the worst will soon be behind us is causing traders to drive up the price of crude oil futures. Futures are a bet that a certain commodity—crude oil, in this case, the main ingredient in gasoline—will be worth more in the months ahead. Those traders wouldn’t be driving up crude oil futures if they thought the global economy and the state of the world was going to be getting worse, not better. And as it gets better, there will be more demand for crude oil as the machinery of the global economy starts cranking again. . ."

(from https://www.cnbc.com/2021/02/16/the-texas-winter-storm-will-drive-up-gasoline-prices-across-the-country.html)

". . . Shutdowns of U.S. refineries due to severe winter weather on the Gulf Coast could result in a 10-cent jump in gasoline prices over the next several days. . . The jump in gasoline prices is expected to be temporary, though prices have been rising recently and gained five cents per gallon nationally over the last week. . ."