There’s nostalgia at the thought of paying four dollars for a gallon of gas. In fact, there’s an almost deep longing in paying five dollars for a gallon of gas. Those days seem like a thing of the far distant past with gas prices surging upward almost daily past six dollars.
There’s a multitude of stock reasons offered for the skyrocket in gas prices. Russia’s invasion of Ukraine tops the list. This supposedly sent fear and shock waves through oil producers, refiners, and investors. This sent them scurrying to jump prices and cash in on profits from fear of a global shutdown in oil production and transportation. The need for big and quick price jumps also supposedly is a measure to insulate the producers from potential revenue losses.
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