For the first time ever, a city in the U.S. has reached a gas price average of $5 per gallon, this is after the Russia-Ukraine conflict continues to affect Americans filling up at the pump.
All thanks to Joe Biden for another achievement unlocked!
San Francisco, California is the first state to record the latest increase of gas higher than $5 a gallon. While other states like California average for a gallon of regular gasoline is $4.94, a marked increase over the national average of $3.728.
The high spike in gas prices is the result of the conflict between Russia and Ukraine. The U.S. and other countries released 60 million barrels of oil from natural reserves. This led barrel prices to surge on Wednesday.
The head of petroleum analysis for GasBuddy, Patrick De Haan told the outlet late last week. “It’s been quite ugly as gas prices rise nationally, but nowhere has the pain been more significant than California, where prices have breached the $5 gallon mark.”
De Haan went on to warn that San Francisco’s gas prices would hit $5.35 per gallon by the end of the month.
Fox Business also reported that “the United States and other major governments agreed to release 60 million barrels of crude from stockpiles to stabilize supplies, but it failed to calm anxiety over Russia’s attack on Ukraine as oil prices still rose.”
“It would likely need to be more like 100-200 million barrels to have much effect,” he told Fox Business. De Haan, however, was not convinced the release of barrels would do much to help stabilize gas prices, saying the loss of 10 million barrels a day of oil production “can’t be offset by meager releases of oil.”
The current administration has been struggling with the inflation rate and the rising prices of gas as they decide not to use Republican solutions to fix the problems instead of doubling down on Democratic platitudes.
And just last week, Democratic politicians and even Transportation Secretary Pete Buttigieg have suggested or been open to buying oil from Iran. They might have forgotten that this country sponsors terrorists and refers to America as “the great Satan.”
Here’s a report from The Daily Wire:
“Could the president possibly consider authorizing the Keystone XL pipeline, working something out with Iran?” MSNBC’s Stephanie Ruhle asked Transportation Secretary Pete Buttigieg on Wednesday night’s episode of “The 11thHour.”
“Look, the president has said that all options are on the table,” replied Buttigieg, a former mayor of South Bend, Indiana. “But we also need to make sure we’re not galloping after permanent solutions to immediate short-term problems,” he said, possibly out of concern that reviving the U.S. energy sector may retard the Biden administration’s attempt to force Americans into relying on renewable energy sources.
Rep. Claudia Tenney (R-NY) responded to Buttigieg’s response by calling it “a word salad of bureaucratic BS.”
She also added that the “left wing in Washington is doubling down on energy illiteracy instead of learning more about real energy security solutions.”
The current administration is suggesting buying oil from Iran rather than following the Trump administration’s idea of producing more oil at home as America did. Chris Hayes also suggested this during his interview with MSNBC where he said “this is one possible solution” for those who wanted to cut off Russia’s oil revenues and are “worried about inflation and spiking oil prices,” in response to a tweet from The American Prospect’s Ryan Cooper, who tweeted: “Iran has 103 million barrels of oil loaded up on tankers and ready to go.”