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Democrats Demand Biden 'Do Something' As Pump-Prices Set To Top $4 "In The Next Few Weeks"
As Charles Kennedy writes at OilPrice.com, U.S. gasoline prices are rising after the Russian invasion in Ukraine and could hit $4 per gallon, according to data from the AAA.
The average price per gallon of gasoline reached $3.57 as of Friday, according to GasBuddy data, after starting the week at $3.51. A year ago, the average price for gasoline was $2.65 per gallon.
“Russia is one of the leading oil producers globally, behind only the United States and Saudi Arabia and if they choose to withhold their oil from the global market, such a move would eventually be reflected in higher gas prices for American drivers,” AAA spokesman Andrew Gross said, as quoted by the Epoch Times.
The gas price increase to $4 could happen in the next few weeks, according to analysts, if the conflict continues that long.
President Joe Biden this week tried to quench worries about the security of energy supply, saying, “We’re closely monitoring energy supply for any disruption, and we’re executing a plan … toward a collective investment to secure stability in global energy supplies.”
The president also assured the public the White House will take steps to control prices at the pump, with Biden saying, “I want to limit the pain to the American people fueling at the gas pump … This is critical to me.” No concrete measures for reining in prices were mentioned.
https://www.zerohedge.com/markets/gasoline-prices-top-4-next-few-weeks
btw, for those with open minds, RRN is reporting whitehats have secured our strategic petroleum reserves, because Bidan has been secretly GIVING millions of barrels away to france.
https://realrawnews.com/2022/02/special-forces-seize-strategic-petroleum-reserves-after-biden-gives-away-35000000-barrels/