• takeda@lemmy.world
    link
    fedilink
    arrow-up
    14
    arrow-down
    1
    ·
    3 months ago

    People remember gas prices when there was covid and no one was driving. The cost per oil barrel was at one point negative.

    • Jesus@lemmy.world
      link
      fedilink
      arrow-up
      9
      ·
      3 months ago

      To be fair, the did get pretty high when everyone started driving and the oil industry has to spin back up after that pandemic lull. Demand outpaced supply.

      And then there was OPEC fucking around, and Russia invading a nation. Even though the US produces more than it needs, the oil market prices were high as fuck.

    • The Quuuuuill@slrpnk.net
      link
      fedilink
      English
      arrow-up
      6
      ·
      3 months ago

      Tankers were literally paying people to buy oil because you can’t just stop the pipelines and people forget that lol