Oil is up nearly 70% since the election, a record in the modern era

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The oil market is starting the Biden era with a bang. And that means Covid-weary Americans returning to the roads this spring and summer will be greeted with higher prices at the pump.

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US oil prices have skyrocketed 69% since November's election based on Thursday's close at $63.50 a barrel. That's easily the biggest post-election gain through this point in the presidential cycle since NYMEX oil futures began trading in 1983, according to a CNN Business analysis. The next closest post-election rally occurred when crude jumped 31% after President George H.W. Bush's victory in 1988.

 

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Wow awesome

Duh. Biden killed the pipeline.

THANK YOU JOE BIDEN YOU ASS!!!!

This is what America wanted , most people in major cities don’t drive or care what oil prices are , same with Ethanol AKA Agricultural Welfare use to pay farmers for votes . Biden Agenda will be EV and green and clean Technology so get ready for high prices .

Joe is zzzzzzzz

Sleepy joe 😴

Thanks Biden voters. appreciate it. cant wait for $4.25 gal/gas again.

Thanks for the high prices Biden!!

We knew this was coming. You can't just eliminate thousands of good jobs with the swipe of a pen and expect good results.

Anyone surprised?

And now begins the liberal excuses. 3... 2.... 1... GO!

Man. That Keystone thing would have been nice...

I wonder why? dig in and tell us

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