What goes up must come down. That’s the hope in the nation when it comes to gas prices as they continue to increase with no end in sight. [bold, links added]
According to AAA, the average price Americans are now paying at the pump stands at $3.83 for regular gas.
Earlier this week I wrote a story when the average price was $3.66. The average price nationwide last year stood at $2.74 and even a month ago it was $3.42.
States with the highest average gas prices for unleaded include California ($5.07), Oregon ($4.28), Washington ($4.22), New York ($4.05), Arizona ($3.97), and Illinois ($4.10).
States with the lowest average include Texas ($3.49), Wisconsin ($3.54), Oklahoma ($3.45), Missouri ($3.48), and Florida ($3.67).
Now that is only the average price across the country, with many big cities experiencing prices well above the $3.83 average, like in Los Angeles where gas is almost up to $6.
But don’t expect for the Biden administration to do anything soon to get those prices lowered. Labor Secretary Marty Walsh told Fox Business more domestic drilling is not on the table.
WATCH: Labor Secretary Marty Walsh says more U.S. drilling is NOT “on the table” to help lower gas prices. pic.twitter.com/qETpFdzsIp
— RNC Research (@RNCResearch) March 4, 2022
Biden’s Energy Secretary on high gas prices:
“We’re working through an energy transition…The reality is, we have to take some time to get off of oil and gas, we recognize this. This is a transition.” pic.twitter.com/ZOCJIdZCa5
— RNC Research (@RNCResearch) March 3, 2022
Read more at Townhall
The price of gas is very important. In some cases, the high cost of commuting may cause some people to retire earlier in a period of labor shortages.
Under President Trump the US was an oil exporter and would not have been so impacted by the war in the Ukraine if that was still true.
The cost and availability of fertilizer may be a bigger issue. Fertilizer is the only reason that the current world’s population can be fed. Russia produces 25% of the world’s fertilizer and in response to sanctions has stopped exporting it. The Ukraine is also a major producer of fertilizer. On top of that, Europe’s self imposed energy crisis has shut down many of their fertilizer plants. We might be headed for a whole wide food shortage.
I see where its now up to $5:00 in San Francisco
Here in the Denver area they jumped 25-30 cents in just a couple days. I was shocked to see how much it went up. And today the price of a barrel of crude jumped to $115. Let’s Go Brandon!