Gas prices are steadily rising around the U.S. again, leaving many cash-strapped Americans struggling to keep up.
According to AAA, the current average price for a gallon of regular-grade gas nationally is $3.63. That is a sharp increase from $3.39 just one month ago. Crude oil prices have risen steadily over the last 30 days, from about $77 per barrel to $85 per barrel.
Read More
The Biden administration is expected to ease seasonal restrictions on ethanol-gasoline blends but has delayed the change until after the 2024 election to avoid a price spike, according to Reuters.
The rule change stems from a 2022 request from the governors of Illinois, Iowa, Minnesota, Missouri, Nebraska, Ohio, South Dakota and Wisconsin to allow the sale of gasoline with 15% ethanol year-round, known as E15 gasoline, lifting current seasonal restrictions that aim to reduce smog in the summer months, according to Reuters. The Environmental Protection Agency (EPA) had originally set an effective date of April 28, 2024, for the changes when the agency sent the proposal to the White House in December, but that is now expected to be pushed back to 2025.
Read More
On Tuesday, the Biden Administration deliberately chose to not refill the strategic petroleum reserve (SPR) after depleting it to combat a surge in gas prices last year.
According to the Daily Caller, the report from Bloomberg said that the administration considered it to be “too expensive” to refill the vital reserve supply, as the current price of a barrel of oil is roughly $80. The SPR is still at a record low level after Biden released at least 180 million barrels in 2022, in an effort to reduce historically high gas prices prior to the 2022 midterm elections.
Read More
Last week, gas prices reached an 8-month high in the U.S. at $3.714 per gallon, following a high volume of production cuts from OPEC. That number has since increased, which an analyst pinned directly on the ongoing heat wave taking place throughout the country.
On Monday, gas averaged $3.757 per gallon, up more than 16 cents from a week ago, according to AAA. Patrick De Haan, the lead petroleum analyst at the fuel savings site GasBuddy, explained how the heat wave contributed to this uptick.
Read More
Lawmakers are raising concerns that the Strategic Petroleum Reserve, which President Joe Biden has relied on heavily since taking office, is getting dangerously low.
Gas prices hit record highs last summer, surpassing $5 per gallon nationally. To curb rising prices, Biden released more than 200 million barrels from the U.S. stockpile, bringing the reserves to the lowest point since 1984.
Read More
Gas prices continue to rise this week in the U.S., hitting the highest level in months.
Now, the concerns and political ramifications for the Biden administration are starting to rise as well.
Read More
The average price for a gallon of gas has fallen below what it was one year ago, and the White House is preparing to go on the offense politically as consumers see more money in their pockets ahead of the holidays. The administration argument? Thank President Biden.
Read More
The average national gasoline price during Thanksgiving will be at its highest level since 2012, according to estimates from the fuel-saving app GasBuddy.
Thanksgiving gas prices on average will hit $3.68 per gallon, almost 30 cents higher than they were during 2021 and more than 20 cents higher than the previous record of $3.44 a gallon set in 2012, according to a GasBuddy news release. Gas prices have reached record highs in 2022 due to increased post-pandemic demand, fuel-refining constraints and Russia’s invasion of Ukraine.
Read More
Gas prices have continued to rise over the past two weeks, and now OPEC has announced a major decision that will likely drive those prices higher.
OPEC said Wednesday that it would reduce oil production beginning in November by 2 million barrels per day. OPEC, the Organization of Petroleum Exporting Countries largely based in the Mideast, said in a statement it made the decision “in light of the uncertainty that surrounds the global economic and oil market outlooks, and the need to enhance the long-term guidance for the oil market, and in line with the successful approach of being proactive, and preemptive…”
Read More
Gas prices are on the rise again just as the Strategic Petroleum Reserve hits a low point that many say is a problem.
Gas prices hit record highs in the middle of June, surpassing a national average of $5 per gallon before starting a steady downward trend for several consecutive weeks.
Read More
Following nearly 100 days of declines, gas prices rose slightly Wednesday, and are forecasted to change little in the near future.
The national average price rose by about a cent to $3.68, snapping a 98-day streak of declines since prices peaked at $5.02 in mid-June, according to data from the American Automobile Association (AAA). A slight increase was expected to occur soon after prices fell only four cents last week, the smallest decrease in months, which the AAA attributed to the impacts of “war, COVID, economic recession, and hurricane season,” in a statement Monday.
Read More
Gas prices have continued a steady decline in recent weeks, coming down from record-high gas prices this summer, but the Congressional Budget Office says natural gas prices may see an increase from the recently passed Inflation Reduction Act.
According to AAA, the current national average price for a gallon of regular gasoline is $3.78, down from $4.08 a month ago and down significantly from earlier this summer when prices surpassed $5 per gallon. Prices have dropped about a nickel in the past week.
Read More
Anyone who has a car is breathing a sigh of relief this last week. After two years of increasing gas prices, we’ve finally had a significant fall in gas prices.
Read More
“It’s time to retire Dick Blumenthal,” Leora Levy states on the home page of her campaign website, but the Republican U.S. Senate candidate from Connecticut says she is ready not only to take on the career Democrat politician, but also the “timid” members of her own party “who will abandon or betray us when it comes down to the important votes.”
“Drawing a strong contrast with Dick Blumenthal is the only way to win this Senate seat,” Levy says as she campaigns toward the Connecticut primary on August 9.
Read More
You’d think after achieving $5 a gallon nationwide gas prices and gutting domestic oil and gas producers, America’s environmental extremists would be elated and emboldened. But President Joe Biden’s energy policy is so incoherent, even Green New Deal socialists are frustrated, according to reporting by Politico’s Zack Colman.
“The climate advocates who cheered President Joe Biden’s arrival at the White House last year are preparing to give up on Washington,” Colman writes. “Instead, environmentalists and many of their Democratic allies are starting to shift their focus to state capitals as the places to press for action on climate change — going back to a strategy that they employed with some success during the Trump era.”
Read More
The left-wing assault on American energy was just dealt a swift defeat by the United States Supreme Court. And President Donald Trump’s confirmations to the bench paved the way for it to happen.
Never in my life would I think that gas prices would rise so steeply in such a short period of time that stations would run out of space on the pump screen to display the price. But the Biden Administration’s assault on American energy is simply unprecedented. They will try to pass the blame, but the American people know what’s happening. Green New Deal advocates are pushing for a great energy reset in America, and they don’t care how much it hurts you.
Read More
Texas Gov. Greg Abbott is pushing back against an Environmental Protection Agency proposal that he says would cripple oil and gas production in the Permian Basin – potentially jeopardizing a quarter of the U.S. gas supply.
Read More
A new tax will be hitting certain drivers in Connecticut, as the state’s tax commissioner announced an increase of the state’s diesel tax.
According to an announcement from the office, the rate will increase from 40 cents to 49 cents—a 23 percent increase for consumers.
Read More
The average price for a gallon of gas nationwide has reached the the $5 threshold, according to Thursday reports.
“According to GasBuddy, the national average has reached $5 per gallon,” said GasBuddy’s Patrick De Haan.
Read More
In what has become a seemingly every day occurrence, gas prices rose to a new record high Sunday as the national average approaches $5 a gallon.
Nine states already have surpassed the $5 threshold, and several others are just pennies away.
According to AAA, the average cost of a gallon of regular gasoline reached $4.85 Sunday, up an additional three cents from Saturday and 24 cents from last week.
Read More
Most Americans believe President Joe Biden’s policies are the leading contributor to inflation in the U.S., a recent poll found.
The poll, conducted by the Trafalgar Group and the Convention of States Action from May 25 – 29, asked respondents to choose whether they believed Biden’s policies and spending or the war between Russia and Ukraine contributed more to inflation. The survey found that 59.9% of respondents blamed Biden’s policies and spending for inflation, compared to 31.6% who blamed the war between Russia and Ukraine and 8.5% who were unsure.
Read More
Gas prices hit another record high Tuesday, the latest in more than a dozen record high days this month.
Gas prices had hit record highs every day for two weeks during May before dipping down slightly. Now, with two consecutive record days, another run of record highs may be on the way.
Read More
Gas prices have soared to new heights this month with the price of unleaded regular gas hitting a record high every day for the past two weeks. With Memorial Day weekend approaching, motorists face steep costs if they plan to travel.
According to AAA, the national average regular unleaded gas price Tuesday came in at $4.60, a record high. Diesel gasoline is at $5.55 per gallon, just below the record set last week.
Read More
Last week, President Biden gave a speech listing everyone and everything allegedly responsible for record high inflation. His list included corporate greed and price gouging, Vladimir Putin, and “ultra-MAGA” Republicans. The president said that his policies, and the nearly $7 trillion in spending he authorized, have nothing to do with inflation.
None of this holds up under scrutiny. While President Biden claims that corporations are ripping off Americans, the costs of their supplies have been increasing at a record rate. In reality, many companies that Biden claims are stiffing consumers have actually lost money because they don’t want to alienate their customers by raising prices too quickly.
Read More
The average price of gasoline nationwide could reach $6 per gallon this summer, far above historic levels and near California’s current prices, an analyst at JPMorgan said Tuesday.
“U.S. gasoline prices to break above $6,” Natasha Kaneva, JPMorgan’s head of global oil and commodities research, wrote in a note to investors titled “Cruel Summer,” according to Bloomberg. “Typically, refiners produce more gasoline ahead of the summer road-trip season, building up inventories. But this year, since mid-April, U.S. gasoline inventories have fallen counter seasonally.”
Read More
Connecticut gas prices have continued to climb and set a state record on Wednesday, averaging $4.65 per gallon and $6.44 per gallon for diesel.
For comparison, the average price throughout the state was $3.067 per gallon one year ago. Diesel sat at $3.230 per gallon.
Read More
Democratic California Rep. Katie Porter said inflation and rising prices reinforced the importance of abortion on MSNBC’s “The Last Word” Wednesday.
Porter said inflation and abortion were closely tied together and that, as grocery and gas prices rose, people would realize the importance of controlling their family size through abortion.
Read More
President Joe Biden canceled three pending oil and gas drilling leases in Alaska and the Gulf of Mexico this week as gas prices hit record highs.
Biden has taken heavy fire for blocking new leases and pipelines as energy costs have surged but has defended his record. This latest development intensified that criticism.
Read More
Inflation is running rampant, federal spending is out of control, gas prices are at an all-time high and Americans are pessimistic on the future outlook of the economy. So what is President Joe Biden’s solution?
He has released a budget proposal that includes 36 tax increases on families and businesses totaling $2.5 trillion over the next decade. Alarmingly, this includes 11 tax increases on the oil and gas industry, taxes that will put a burden on households.
The budget doesn’t even include all the tax increases being pushed by Democrats because the budget omits the cost of tax increases within their stalled multi-trillion dollar Build Back Better Act. Instead of detailing these tax increases, the Biden budget includes a placeholder asserting that any new spending will be fully offset.
Read More
Connecticut’s plan to reduce the pain at the gas pump for its residents took effect Friday.
HB 5501 passed the state legislature last week. It, like laws in many other states, provides for a gas tax holiday as prices at the pump continue to hover at near record levels.
Read More
A U.S. Senator from Connecticut is falsely scapegoating oil companies for skyrocketing gas prices nationwide.
“Oil companies are exploiting Russia’s war in Ukraine to drive up gas prices to obscene levels. It’s time to end this corporate profiteering,” Sen. Richard Blumenthal (D-CT) said Thursday. “We need a Big Oil Windfall Profits tax to take excess profits & deliver them to Americans getting stuck with the bill.”
Read More
pump prices have climbed throughout his tenure.
While Russia’s invasion of Ukraine has destabilized global energy markets, causing an historic supply crunch, high gasoline prices have been the norm throughout Biden’s first 14 months, federal data showed. Experts have blamed the high prices on the administration’s energy and climate policies disincentivizing domestic fossil fuel production.
Since Russia’s invasion, gasoline prices have increased more than 20%, from $3.53 per gallon to $4.24 per gallon, according to the Energy Information Administration. However, pump prices increased a whopping 48.4% between Biden’s January 2021 inauguration and Feb. 21, three days before Russian President Vladimir Putin ordered troops into Ukraine.
Read More
Gov. Ned Lamont (D) this week signed legislation suspending Connecticut’s 25-cent-per gallon gasoline tax.
The gas-tax holiday passed both houses of the state legislature unanimously and will last through the end of June. Also to ease Nutmeggers’ economic woes in light of skyrocketing inflation, the state is also providing free bus service to residents throughout April.
Read More
The Republican National Committee (RNC) launched a voter registration initiative at gas stations across the country, drawing attention to rising gas prices under President Joe Biden’s leadership.
“We are registering voters across the country who are tired of Biden’s Gas Hike!” the RNC said Monday on Twitter. “Coming to a gas station near you!”
The effort began with a Saturday event in Arizona, according to The Hill. “Arizonans are frustrated with paying the record-high gas prices we’ve seen recently, this is an issue that affects almost every single Arizonan,” said the communications director for Arizona’s RNC, Ben Petersen, according to The Hill.
Read More
Connecticut’s gas prices have slowly dipped down after reaching historic highs following the decision from President Joe Biden to ban the import of Russian oil.
According to the American Automobile Association (AAA), drivers are paying $4.337 per gallon at the pump, compared to $4.465 one week ago.
Read More
I sense a disturbance in the force. In fact, I’ve been feeling the tremors for a while. Back in January, I wrote a column for American Greatness called “The Coming Dethronement of Joe Biden.” In it, I noted that Biden’s appalling performance as president would sooner or later—and probably sooner, given the ostentatious nature of his multifaceted failure—lead to his removal as president.
I should have added that it wasn’t Biden’s performance per se that would lead to his downfall. The problem, rather, was the way his performance was undermining his—and therefore his minders’ and puppetmasters’—political power. As Saul Alinsky, community organizer to the stars, noted, the “issue is never the issue.” Accordingly, the people who put Joe Biden in power—I cannot name them, but I know they are the same people who keep him in power—do not care about inflation, rising gas and food prices, COVID lockdowns or mask mandates, the porousness of our Southern border, the threat of war with Russia, or the myriad other issues that worry ordinary voters. I am quite certain, in fact, that the word “voters” brings a vaguely contemptuous smile to their faces.
Read More
American’s spending slowed in February amid surging inflation and gas prices, the U.S. Census Bureau announced Wednesday.
Retail sales grew 0.3% in February, a significant dip from January’s 4.9% monthly increase, the Census Bureau reported Wednesday. January’s spending increase marked the largest jump since March 2021 after Americans received the final $1,400 government stimulus check.
Read More
After a massive rise in the number of drilling permits approved in 2021, the total number has plunged to some of the lowest levels ever in 2022, all on the watch of the Biden Administration.
Politico reports that after the previous high of 643 permits that were issued by the Department of Interior’s (DOI) Bureau of Land Management (BLM) in April of 2021, just 95 permits were approved in January of this year. The sudden shift reflects the wildly different approaches taken by the Trump Administration and the Biden Administration when it comes to domestic energy production.
While President Donald Trump supported unlimited domestic production in order to establish national energy independence, Biden pledged to reduce the production of fossil fuels in order to combat “global warming,” and instead has tried to promote so-called “green” energy alternatives. But the fallout from the Russian invasion of Ukraine, including the impacts on the global energy market, has forced Biden to consider restarting domestic production in order to offset rising gas prices.
Read More
Americans are seeing the real costs of inflation in their daily lives as they pay record high gas prices, significantly increased grocery costs, and suffer sticker shock at restaurants, hair salons and other places.
Restaurants are charging more, with some posting notices on their doors. Increased prices, they say, are necessary to stay open simply to cover their increased costs for cooking oil and other goods. Some restaurants post signs accompanying empty containers to show that while they’re not increasing prices, their portion sizes are smaller.
Read More
In the film, “It’s a Wonderful Life,” George Bailey is able to see what the world would have been like had he never been born. Everything changes. George wasn’t there to save his younger brother from drowning. And, that in turn, meant that his brother wasn’t there to save the lives of hundreds of men on board a U.S. military troop ship. Everything has a domino effect.
Unfortunately, we get to have a similar experience. We see how one terrible leader imposing his disastrous policies on the American people has negatively impacted every American. We also witness how Joe Biden’s immature foreign policy has produced unrest and war.
Read More
Gas prices and inflation hit yet another high this week, raising more concerns about the impact on regular Americans and the future of the U.S. economy.
The Bureau of Labor Statistics Thursday reported that the Consumer Price index, a major marker of inflation, rose 7.9% in the previous 12 months.
“The 12-month increase has been steadily rising and is now the largest since the period ending January 1982,” BLS said. “The all items less food and energy index rose 6.4 percent, the largest 12-month change since the period ending August 1982. The energy index rose 25.6 percent over the last year, and the food index increased 7.9 percent, the largest 12-month increase since the period ending July 1981.”
Read More
President Joe Biden announced a ban on the importation of Russian oil, coal and gas as a response to the nation’s ongoing invasion of Ukraine just as gas prices in the U.S. reached a record high Tuesday.
Biden said Tuesday that the decision was intended to “inflict further pain” on Russian President Vladimir Putin and defund his war in Ukraine. He also acknowledged it would further raise the price of gasoline for Americans.
Read More
As gas prices near record highs in Connecticut, the state’s Attorney General is warning gas distributors against price gouging.
“Gas prices fluctuate constantly, and price changes and price increases are normal. But what we have seen this past week is not typical, and we can expect even more volatility due to the unprovoked and unconscionable Russian invasion of Ukraine,” Attorney General William Tong (D) said in a Monday statement.
Read More
Gas prices in Connecticut have reached a decade-plus high after jumping 10 cents per gallon in a single day, according to data from the American Automobile Association (AAA).
Friday, a gallon of gas in Connecticut averaged $4.07, a jump from $3.97 on Thursday. The last time gas prices reached four dollars per gallon was in August of 2008. The record high for gas prices in the state is $4.39 per gallon, just 32 cents higher than the current price.
Read More
Gas prices continue to rise throughout Connecticut, inflicting pain on residents throughout the state
According to data compiled by AAA, the state’s prices are above the national average, sitting at $3.75 per gallon. The number is an 8-cent increase from the previous week alone.
Read More
President Joe Biden suggested that Americans may be negatively impacted at the pump as a result of a sanctions package targeting Russia he unveiled Tuesday.
“As we respond, my administration is using every tool at our disposal to protect American businesses and consumers from rising prices at the pump,” the president remarked at the White House on Tuesday. “As I said last week, defending freedom will have costs for us as well and here at home. We need to be honest about that.”
Read More
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.
Read More