Gas prices are through the roof under the Joe Biden presidency, and analysts say they’re only going to get worse.
After the price of gas clocked in at its most expensive since 2014 prior to the July 4 weekend — at an average of $3.11 a gallon, according to the American Automobile Association — a report from Tuesday indicates a 2-cent increase to $3.13 a gallon. Since Jan. 1, when the national average gas price was $2.25 per gallon, the price of gasoline has risen 40 percent.
“Robust gasoline demand and more expensive crude oil prices are pushing gas prices higher,” said Jeanette McGee, an American Automobile Association spokeswoman. “We had hoped that global crude production increases would bring some relief at the pump this month, but weekend OPEC negotiations fell through with no agreement reached. As a result, crude prices are set to surge to a seven-year high.”
via joemiller
Gas Prices Have Surged 40 Percent Under Biden — and They’re Getting Worse
