Gas price increases in the United States are a fresh blow to the economy, particularly after President Joe Biden declared inflation was under control owing to his much-touted “Bideonomics.”
According to the most recent data from the AAA, the national average price of a gallon of gasoline was $3.89 last week, which is the highest price since October 2022.
According to a report, gas prices vary greatly from state to state, with the most dramatic increases occurring in the Midwest. Meanwhile, in California and Washington, the average price of a gallon of gas has risen to $5.
According to AAA data, the average price of a gallon of regular unleaded gasoline in Michigan touched $3.76, a rise of 9 cents from the previous week.
Mississippi has the lowest average gas price, at $3.33 per gallon.
AAA stated last June that the national average price of a gallon of regular gasoline was $5, while the national average price of a gallon of diesel was $5.77, further straining an already failing economy due to rising transportation and manufacturing expenses.
The Biden administration shrugged and said the fact was that nothing could be done to lower gas costs further.
In 2021, Biden said that the sanctions imposed by the Trump administration, especially those that limited the country’s ability to sell oil, were being relaxed.
Reports show the United States adopted the tactic of negotiation by concession, a naïve move in foreign policy that would provide money to a terror-centric regime that has done nothing to earn it.
Biden quickly canceled the Keystone XL project in January 2021, costing the United States $35 million in lost crude oil output from Canada and the elimination of 11,000 jobs, with a payroll of over $2 billion.
At the same time, President Biden issued an executive order freezing all ANWR oil and gas leases pending further study. The United States Geological Survey projected that the region may generate 4 billion to 12 billion barrels of recoverable oil. However, the area was closed to producers due to alleged environmental concerns.