this post was submitted on 06 May 2026
547 points (98.8% liked)
Political Memes
11773 readers
1501 users here now
Welcome to politcal memes!
These are our rules:
1) Be civil
Jokes are okay, but don’t intentionally harass or disturb any member of our community. Sexism, racism and bigotry are not allowed. Good faith argumentation only. No posts discouraging people to vote or shaming people for voting.
2) No misinformation
Don’t post any intentional misinformation. When asked by mods, provide sources for any claims you make.
3) Posts should be memes
Random pictures do not qualify as memes. Relevance to politics is required.
4) No bots, spam or self-promotion
Follow instance rules, ask for your bot to be allowed on this community.
5) No AI generated content.
Content posted must not be created by AI with the intent to mimic the style of existing images
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
I didn't down vote you but, want to address your edit. You are absolutely right that war in Ukraine contributed to the price. And you are right that this spike had not much to do with the economy, but keep in mind that the restrictions were lifted I think in February as well pretty much simultaneously in all countries.
During restrictions people traveled less, so the demand for oil was lower, so in 2020 oil fields reduced output.
Now restrictions were lifted so demand increased, sanctions on Russia were imposed so demand on Persian Gulf also increased.
It takes few months to restart production from oil wells that were shut down, and then there's also few weeks delay as the tankers are transporting the oil.
I think both contributed to the spike.
Do you have a source on Feb '22 being some kind of turning point regarding covid restrictions? Having lived through COVID as a healthcare worker, I recall the timeline pretty acutely, and my memory is lockdowns were almost universally over by summer '20, the first vaccines were administered on a large scale in December '20, and activity increased progressively throughout 2021.
Meanwhile, the gas price spike occurred immediately after Russia invaded Ukraine, and concerns about oil supplies were plastered all over the financial news of the day