Friday, July 10, 2026

Gas Prices Rise like a Rocket & Fall like a Feather. Really!

Nice headline! But a false narrative and possibly junk journalism!

Of course, spot/future markets react immediately to bad news etc., while the reverse can not be said about good news. This is usually referred to as risk aversion! This has been well known for decades in economics and finance etc.!

Gas Prices Rise like a Rocket & Fall like a Feather - Pacific Research Institute "With the prospect of the war in Iran coming to an end, oil prices have collapsed. Gasoline prices have not fallen at the same rate, however. In response President Trump claimed, “customers are being gouged.” Worse, he has “instructed the DOJ to immediately start looking into this.” His claim demonstrates a lack of understanding of the oil market and risks higher gasoline prices long-term."

No comments: