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Bidenflation Devastation: In Reality, Gas And Oil Prices Are Even Worse Than What They’re Reporting

The Oil market is projecting a false sense of stability when it comes to energy . Instead, the real economy is suffering a much stronger price shock than it appears because fuel prices are rising much faster than crude Oil itself. Crude Oil has risen about 13% since the start of the Russian-Ukraine conflict, but the produced products (gasoline up 33%, diesel up 69%, and jet fuel up 137%) have risen much higher. See this in the chart below and learn more here.

Crude Oil is trading at around $110 a barrel – expensive but not extortionate. The bad news is that inflation in producing crude Oil products in normal times would mean crude Oil would be between $150 and $275 a barrel. See this same effect in the recent price charts of crude Oil and subsequent Oil products in the chart below and learn more here.

What’s changed? Refining margins

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