Gas Prices Reach a NEW ALL-TIME HIGH Under Joe Biden at $4.37 per Gallon — Second All-Time High in Two Months!
You have to work REALLY HARD to be this bad.
On his first day in office, Joe Biden killed off 42,100 jobs by ending construction of the Keystone XL Pipeline. The project would have delivered 830,000 barrels of crude to the US every day.
Today gas prices reached another all-time record under Joe Biden breaking his previous record from March.
Gas prices remain at all-time highs under the failed leadership of Joe Biden and Nancy Pelosi.
The average price for a gallon of regular gasoline today is at $4.37 a gallon.
Gas prices have doubled since the 2020 election.
Gas was $2.11 a gallon back in November 2020. It is now $4.37 a gallon today.
Gas prices are expected to continue to rise through Memorial Day weekend.
Gas prices are continuing to rise to new record highs, with the national average at $4.36 per gallon.
The previous record national average was $4.35 per gallon, recorded on March 10 after the Russian invasion of Ukraine began, according to GasBuddy. The ongoing crisis in Ukraine has caused gas prices to remain volatile, according to GasBuddy.
Gas prices are expected to continue to rise going into Memorial Day and the summer. Ultimately, the continuing rise of gas prices may put a lot of summer road trips on hold this year.
“Liquid fuels have turned into liquid gold, with prices for gasoline and diesel spiraling out of control with little power to harness them as the imbalance between supply and demand globally continues to widen with each passing day. Russia’s oil increasingly remains out of the market, crimping supply, while demand rebounds ahead of the summer driving season. There’s little, if any, the good news about fuel prices heading into summer, and the problem could become worse should we see an above-average hurricane season, which could knock out refinery capacity at a time we badly need it as refined product inventories continue to plummet,” said Patrick De Haan, head of petroleum analysis at GasBuddy.
Go to Source
Author: Jim Hoft