Tag: gas prices

Commentary: Gas-Price Change, Not ‘Climate Change,’ Is What Matters to Americans

Admin

There are few more easily observable measures of the cost of everyday living than the price of gasoline at the pump. As has been widely reported, gas prices in the United States recently hit a seven-year high. The striking thing, however, is not just how high gas prices have gotten, but how fast and far they have risen.

Based on statistics from the U.S. Energy Information Administration—the statistical arm of the Department of Energy—weekly average retail prices for regular unleaded gasoline in the United States increased 94 percent in less than two years. Average gas prices rose from $1.77 per gallon during the week ending April 27, 2020, to $3.44 per gallon during the week ending February 7, 2022—nearly doubling in the process.

That was the largest percentage increase in gas prices within a two-year window since October of 2005, more than 16 years ago. In the election of 2006, Republicans—then the party in power—lost 30 House and six Senate seats, thereby losing control of both chambers, before losing the presidency two years later.

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Poll Shows More Americans Worry About Inflation Than COVID

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Despite the mainstream media hysteria over the Chinese coronavirus, a new poll shows that a broader swath of Americans continue to care more about inflation and other more direct economic issues.

As reported by the Washington Free Beacon, the poll was conducted by the Associated Press and the NORC Center for Public Affairs Research throughout the month of December, with its findings released on Monday. In the poll, 37 percent of Americans believe that the coronavirus should be the government’s top priority in 2022. Last year, that number was 53 percent.

Conversely, 68 percent believe the economy should be the top focus instead. Of those 68 percent, 14 percent specifically named inflation as a major issue; last year, only one percent of respondents worried about inflation, which has since risen to a 40-year high under Joe Biden’s watch.

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As Gas Costs Soared in 2021, Prices Remained Among Lowest in Oklahoma, Texas

The Center Square

While gas prices have soared nationwide this year, average prices at the pump have remained among the lowest in Oklahoma and Texas, in part because they are significant oil and gas hubs for the nation.

The lowest current average regular gas prices per gallon are $2.822 in Oklahoma and $2.825 in Texas. Oklahomans have had the lowest prices nationwide throughout the surge of gas prices this fall, AAA reports. In the spring, Oklahoma’s average gas prices were the sixth-lowest in the nation.

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Gas Prices Set to Surge Again, Industry Analysis Shows

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The price of gasoline is set to increase to $4 per gallon or more within five months, according to an industry analysis released Tuesday.

The gas price surge is forecasted to take place by Memorial Day in late May, according to the report from GasBuddy, an app that tracks pump prices, and shared with CNN. But the analysis said the average cost of gasoline at pumps nationwide would then fall throughout the summer and fall of 2022, declining below current prices.

“We could see a national average that flirts with, or in a worst-case scenario, potentially exceeds $4 a gallon,” Patrick De Haan, the director of petroleum analysis at GasBuddy, told CNN.

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Commentary: The Twin Pillars of Biden’s Failure

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Everything has gone so terribly wrong for the Biden Administration, and in the ways that were widely predicted, that it is hard to believe Joe Biden could be perceived as a successful or at least potentially successful president if only he had avoided being such a tool of the Democratic extreme Left. On the afternoon of his inauguration, he killed the Keystone XL Pipeline and curtailed fracking and offshore oil and gas exploration, and ordered the end of construction of the southern border wall. The consequences have been over 200,000 illegal migrants entering the United States across the southern border most months and the rise in the price of gasoline from approximately $2 a gallon to $5 a gallon across the country.         

As practically everyone outside his immediate entourage saw and predicted, these were disastrous errors. The excuse regularly given in the case of the wall was that Biden had inherited a “broken” immigration policy. In support of this outrageous falsehood, all that could be offered was the tear-jerking fabrication about children being separated from their parents and confined to cages that reminded that eminent authority on modern European history, Speaker Nancy Pelosi, of “Auschwitz.” 

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More Americans Than Ever Say They Won’t Be Buying Christmas Gifts This Year

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A record number of Americans say they won’t be purchasing gifts for the holidays this year amid ongoing inflation concerns and supply chain disruptions, a survey shows.

Roughly 11% of Americans said they expected to spend no money at all on gifts during the holiday season, according to a holiday retail survey by Deloitte. The number is the highest since Deloitte began its holiday retail survey in the 1980s and more than double the share of shoppers in 2020 who said they wouldn’t be buying presents.

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Energy Secretary Granholm Says Biden Is ‘All Over’ Gas Prices, But Can’t List Any Policies to Lower Prices

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Jennifer Granholm

Secretary of Energy Jennifer Granholm said President Joe Biden is “all over” rising gasoline prices but failed to name a single administration policy aimed at lowering energy costs.

“The president is all over this,” Granholm said during a CNN interview Monday. “He really is very concerned about, you know, inflation, obviously, and the price of gasoline because that’s the most obvious manifestation of it. As you know, no president controls the price of gas, oil is sold on a global market.”

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COVID-19, Supply Chain Issues Slowing Virginia’s Economic Recovery

Eric Burk

Virginia’s financial position continues to improve after COVID-19’s impacts in 2020, but the fast-paced recovery seen earlier in the year is slowing, Secretary of Finance Joe Flores told legislators in an update on Monday and Tuesday.

“The bottom line is that we’ve hit a few roadblocks in the past month or so with the resurgence of the virus, especially the Delta variant, and some supply chain issues. But you’re going to see from this report, as you mentioned Madam Chair, that the current revenue performance continues to just chug along. We’re doing actually very well, and it’s suggestive of a recovering economy,” Flores told the Senate Finance and Appropriations Committee on Tuesday.

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Oil Supply Losses from Hurricane Ida Reach 30 Million Barrels, Impacting Gas Prices

The Center Square

Hurricane Ida has already caused oil supply losses of 30 million barrels, the International Energy Agency (IEA) reports, resulting in the first decline in global oil supply in five months.

Hurricane Ida shut in 1.7 million barrels per day of oil production in the Gulf at the end of August, “with potential supply losses from the storm approaching 30 mb. An uptrend in supply should resume in October as OPEC+ continues to unwind cuts, outages are resolved and as other producers increase,” the agency stated in its September Oil Market report.

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‘Pathetic’: U.S. Energy Supporters Blast Biden Administration’s OPEC Request

The Center Square

With gasoline prices up more than $1 a gallon over the past year, the Biden administration took heat Wednesday over a statement from National Security Advisor Jake Sullivan pressuring OPEC nations to increase oil production.

“Higher gasoline costs, if left unchecked, risk harming the ongoing global recovery. The price of crude oil has been higher than it was at the end of 2019, before the onset of the pandemic,” Sullivan said. “While OPEC+ recently agreed to production increases, these increases will not fully offset previous production cuts that OPEC+ imposed during the pandemic until well into 2022. At a critical moment in the global recovery, this is simply not enough.”

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Commentary: Democrats Brace for Inflation Attacks During August Recess

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Iowa Rep. Cindy Axne, one of the most vulnerable Democratic incumbents heading toward the 2022 midterm elections, spent an early July afternoon talking to constituents’ from the cool environs of an ice cream shop in her district when the discussion suddenly heated up.

“I just wanted to ask, are you concerned about the rising gas prices and the rise in the cost of consumer goods here in Iowa and in America?” one constituent asked.

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Florida Gas Prices Up 48 Percent over Last 12 Months

Steve Stewart

According to publicly available data, average gas prices in Florida have increased approximately 48.0% over the last 12 months. The current price of a gallon of regular gas, as of June 20, was $2.96. This is up from $2.00 per gallon reported one year ago.

The chart below shows the 12-months trend of average gas prices for the United States and Florida. Since March 11, 2021, the average price of gas in Florida has trended below the national average. As of June 20, the U.S. average is $3.07 per gallon.

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Gas Prices Spike as Ohio Legislature Approves Gas Tax Hike

Andrew Shirley

The American Automobile Association (AAA) announced Monday that only three months into 2019, the nation’s average gas price has spiked by almost 45 cents. Ohio prices increased as well, but by slightly less than the national average. While Ohioans may be relieved, experts are predicting that these price increases are expected to continue indefinitely. According to AAA, the current average gas price is $2.69 for regular unleaded gas. Though this is far from the historical high of $4.16 in May of 2011, it’s still more expensive than gas has been in the previous three years. At the state level: The nation’s top 10 largest weekly increases are: Florida (+13 cents), California (+12 cents), Indiana (+11 cents), Georgia (+11 cents), Idaho (+9 cents), Kentucky (+9 cents), Washington (+9 cents), Oregon (+8 cents), Nevada (+8 cents) and Ohio (+8 cents). “Three months ago motorists could find gas for less than $2.50 at 78 percent of gas stations. Today, you can only find gas for that price at one-third of stations, which is likely giving sticker shock to motorists across the country,” AAA spokesperson Jeanette Casselano said. “Gasoline stocks have been steadily decreasing since early February causing spikes at the pump that are likely…

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