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Two years ago oil prices were negative and market prices for end products were historically low.
Fuel oil in 1978 was 54 cents per gallon, adjusted for inflation that would be $4.45.
When you’re whinging about the price of oil keep in mind TFG negotiated a deal to increase and stabilize the price of oil to get it out of the cellar. OPEC and our own crude suppliers have said publicly that they will not be forced to increase supply to reduce price.
That’s why the administration is releasing oil from the strategic reserve to increase supply
Posted from my iPhone/Mobile device
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