continued from page Vladimir Putin ….
continued from page
Vladimir Putin is trying to dismember Ukraine. Counterintuitively, gas stations tend to be more profitable when prices are declining rather than rising, so they are unlikely simply as a business matter to be engaged in the pricing conspiracy that Biden alleges.
Although President Biden considers them worthy of a good kicking, gas stations aren’t a growth proposition. The number of stations has markedly declined in recent decades, and the rise of electric cars is putting more pressure on the business model.
At least they are actually doing their job in difficult circumstances. The same can’t be said of the president.
Rich Lowry is editor of the National Review.