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Joe Biden has a problem.
He has been bleeding reduced gasoline prices as though he actually accomplished something.
Mind you, prices are still nowhere near where they were when he came into office.
You can add in the fact that Biden actually had nothing to do with the reduced prices.
Well, Fox News dropped a report this week that is about rain on his parade.
Bad News for Joe
In reality, gasoline prices went down because Americans were using less gasoline.
Toward the middle of the summer, daily usage went down by slightly less than 10 percent.
That reduction allowed supply to catch up with demand, not the other way around.
Now that summer is over, we will need more oil to heat homes as well as people no longer being on vacation.
Point being, usage will start to surge again.
In addition to that, numerous external factors will come into play to start to raise prices again.
Fox News reports…
Believe me, I am not rooting for gasoline prices to go back because like most of you, I am getting clobbered with household costs right now.
Gasoline is double, electricity is more than double, and my grocery bill has almost tripled.
Sadly, I see this getting worse before it truly starts to get better.
