Evidence for: Global oil prices fell from $122 per barrel in June 2022 to $72 per barrel by December 2023.

0 · asserted by ◎ stannebraska (329) · 7 months ago

The vote is on the link: is “Gasoline prices dropped from $5.01 per gallon in June 2022 to $3.11 by December…” good evidence for the claim?

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the evidence

Gasoline prices dropped from $5.01 per gallon in June 2022 to $3.11 by December 2023.

Energy costs, which Fed policy does not directly control, significantly influenced headline inflation measurements.

◎ stannebraska (329) · 7 months ago
the claim

Global oil prices fell from $122 per barrel in June 2022 to $72 per barrel by December 2023.

Energy price declines, driven by global supply factors unrelated to Fed policy, accounted for approximately 40% of the inflation decline during this period.

◎ stannebraska (329) · 7 months ago

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