[Jsreo]

Spot on

Originally Posted by Aragorn

no conspiracies or politics

2020
pandemic ravaged the planet, economy tanked and so did demand for fuel and fuel prices. so much so that we cut supplies of gas in the hope that prices would go up. this is a normal.

2021/22
economy came back with a vengeance and fuel prices rose. this time around we released reserves to try check rising prices.

ukraine/Russia--yes, any disturbance which affects an oil producing region anywhere in the world will affect supply and prices. there is one global price for oil.

inflations--again, the pandemic wreaked havoc on the planet and took its toll on the supply chains. if it becomes endemic, things should get better.

usa oil production
we have become extremely good at producing oil, so much so that we sell some of it. again, however, there is one global price for oil.