Creators cites CEI Senior Fellow Ben Lieberman on gas prices:
“If big oil could raise prices anytime they wanted and get away with it, then why were they so cheap in 2020, 2019, 2018?” asks the Competitive Enterprise Institute’s Ben Lieberman.
Lieberman points out that companies are always greedy. Greed didn’t just start now. They were just as greedy when gas prices fell in 2019 and early 2020.
“It all comes down to cutting back on supplies,” says Lieberman.
It’s not complicated. Prices change because of supply and demand.
Read the full citation at Creators.