THE BIDEN EFFECT: Gas Prices Hit Seven Year High

One of the ways America has traditionally measured the success of the economy is by prices at the gas pump.

Less than a year ago, America was completely energy independent and gas prices were way down.

Now, six months into Biden’s presidency, gas prices are already at a seven year high.

You almost get the sense that Democrats did this on purpose.

Just The News reports:

Bidenomics? Gas prices hit 7-year high

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After experiencing low fuel costs last year in most parts of the country, gas prices have now hit a new seven-year high nationwide.

The national average for a gallon of regular gasoline for the week of Aug. 2 was $3.159, according to the U.S. Energy Information Administration’s (EIA) weekly retail gasoline and diesel prices report.

According to GasBuddy head petroleum analyst Patrick De Haan, the national average is $3.19 a gallon, the highest it’s been since Oct. 12, 2014.

In one week, prices rose by more than two cents, with the highest prices in California ($4.213), and in San Francisco specifically ($4.322), the EIA reports.

According to the American Automobile Association, gas prices are expected to rise as long as crude oil prices remain over $70 per barrel.

“On average, motorists are paying 15 cents more to fill up since the beginning of May,” AAA spokesperson Jeanette McGee said. “August could prove to be even more expensive if crude oil prices increase, driven by market concerns of rising COVID case numbers and how that could negatively affect global demand in the near future.”

This is an issue that affects all Americans. Even if you don’t drive, higher gas prices raise the cost of food and other products.

What will gas prices look like six months from now? A year?

Do you really think they’ll go down?

 

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