Less than a year ago, the United States was independent of energy and prices were at record lows.
In the six months since Joe Biden took office, gas prices have risen by a staggering 40 percent. How did that happen?
Perhaps it has something to do with Biden’s hostility to the energy industry. As you may recall, he closed the Keystone XL pipeline as one of his first acts as president.
CBS News reports:
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Gas prices in the US are the highest in 7 years, up 40% since January
American motorists can expect to pay more to fill their tanks at least until the end of August, according to AAA. The average price of gasoline across the country has risen to $ 3.13, a high for the year and a 40% increase since January 1.
And fuel costs are not expected to drop anytime soon. “We believe it will go up another 10 to 20 cents at the pump between now and the end of August,” AAA spokeswoman Jeanette McGee told CBS MoneyWatch.
The main factors behind the sharp rise in gasoline prices: rising global oil prices, business reopening as COVID-19 slows across most of the United States, and pent-up demand for travel added.
As Americans hit the road for the July 4 holiday, gas demand in the U.S. hit a new peak since the coronavirus broke out in 2020, according to data from the travel and navigation app GasBuddy. Nearly 44 million Americans were expected to travel by car on Independence Day weekend, AAA estimated.
It’s funny how CBS News and AAA try to blame this on the pandemic. Does anyone really believe this?
People know what is going on here.
Inflation has risen.
Crime is on the rise in cities run by Democrats.
Illegal border crossings have increased.
Gasoline prices have risen.
Cyber attacks have increased.
Taxes will go up.
This is Joe Biden’s America.
– Steve Scalise (@SteveScalise) July 6, 2021
“The median price of gasoline is $ 3.18 a gallon. A year ago, New Yorkers were gambling $ 2.25. “https://t.co/XcriGNaCHD
– Representative Elise Stefanik (@RepStefanik) July 6, 2021
Highest gas prices in 7 years. I wonder what changed.
– Carmine Sabia (@CarmineSabia) July 6, 2021
It is as obvious as the nose on your face.
Cross posted from American lookout.