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US gasoline prices rose in early 2021 as crude oil recovered from the pandemic-era lows and demand was expected to rebound. A social media claim blamed President Biden, but the price increase reflected crude market conditions rather than US policy.
Pump prices in Georgia and nationally were still below the levels of a year earlier.
Rising crude costs feed through to diesel and fuel costs for feed producers and transport. The article describes a gradual crude recovery driven by demand, not a new supply shock.
factcheck.afp.comFeb 11, 2021Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
