President Biden wants Americans to know gas prices are falling fast—and he deserves the credit. The average pump price has plunged from $5 per gallon in June to around $3.25 now. Biden says it’s because he released oil from the national reserve, persuaded petrostates to produce more, and convinced oil and gas companies to lower prices.
Nope. The single-biggest reason for falling oil and gas prices is China’s baffling COVID lockdowns. China is the world’s largest energy consumer and…
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