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Old 09-24-2023, 07:07 PM
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Lee Stewart Lee Stewart is offline
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Quote:
Originally Posted by L72copocamaro View Post
My belief is that pandemic price raises were a way for businesses to try to stay afloat. I got that and supported it. Once the recovery started, there was no way prices were going back down. They have steadily gone up on the ruse that they are still recovering from the pandemic. To be fair, some may be, but not all I'm sure. For instance, anyone think gas prices will ever go back to pre pandemic levels?
Maybe on the gas prices - soon but not right away. Two brand new refineries are about to go online one in Mexico and the other in Nigeria.

Quote:
Two long-delayed refineries outside the U.S. are set to ramp up production, pumping out about 1 million more barrels a day of fuel.

Large new refineries in Mexico and Nigeria are ready to start producing fuel after a long start-up process that had left Wall Street skeptical that they’d open soon.

“These two refineries, which have been hit by major delays and cost overruns, appear within reach of the finish line,” writes Tudor Pickering Holt analyst Matthew Blair.
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