On CNN’s The New Day on Monday, CNN Chief Correspondent and news anchor Christine Romans responded to President Joe Biden’s accusation of gas stations for high gas prices and highlighted the short-term differences between oil and gas prices. . Many gas stations are small independent businesses and make more money from things like food than gasoline.
Romans said:[L]ok, rockets and feathers is that called? The price rockets up and falls like a feather, and we see this often. When you look at gas and oil prices over time, they act together, but this imbalance can happen in a very short time and this is how we feel today.”
Citing criticism of the oil industry, Romans added: “The president is talking about people selling gas, 145,000 gas stations are independently owned, basically a small business. And they have a higher margin than gas on the candy bars they sell. So it’s a very, very big, global, complex picture.”
Added: “[T]The president is right that the price of oil has fallen by $15 a barrel, and the price of gas has fallen by a penny. At first glance, it looks like someone is making a profit out there, and it’s not an American consumer. This is more difficult. This is really it. ”
Source: Breitbart
