Re:Inflation rose 9.1% in June, even more than expected
by danaris on Wednesday July 13, 2022 @09:58AM
(#32082801)
That's likely true, too. I'm hopeful that we will, indeed, see some drop in the price of gas (though frankly, I'm also expecting to see prices rise again before winter...which is going to be rough in some places).
But from what I understand, gas prices also rose much faster in proportion to the price of oil than they have in past oil price spikes. And while I haven't seen any numbers specifically for oil/gas companies, we've definitely been seeing record profits alongside the rising prices in various places these past few months.
I can't claim that it's the whole of the current inflation, but there's definitely some opportunistic price gouging going on.
But from what I understand, gas prices also rose much faster in proportion to the price of oil than they have in past oil price spikes. And while I haven't seen any numbers specifically for oil/gas companies, we've definitely been seeing record profits alongside the rising prices in various places these past few months.
I can't claim that it's the whole of the current inflation, but there's definitely some opportunistic price gouging going on.