Economy

Biden Gimmick Failed – Gas Prices Are On The Rise Again

In my humble opinion, Joe Biden’s agenda is being scripted by Barack Obama and other globalists who are intentionally driving the United States into financial distress.

Their end goal, in line with The Great Reset’s 2030 agenda, is to turn our nation into a struggling, open-borders former superpower.

Similar to the collapse of other powerful and wealthy nations, the citizens are the ones the most negatively affected by the downfall.

In spite of the Biden administration’s deceptive rhetoric, energy prices are going up again as their temporary gimmick of releasing an excessive amount of our nation’s Strategic Petroleum Reserve, has run its course, leaving the markets to return to a shortage of oil, driving up costs per barrel.

As the dust settles, energy prices are still far above where they were when President Trump left office.

Fox Business reported:

The national average for a gallon of gasoline rose by almost one penny to $3.681 per gallon from $3.674 after steadily falling every day since early June, according to data from AAA.

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Gas prices hit a record high of $5.02 per gallon on June 14, which was the last time prices rose. At the time, U.S. crude was about $120 a barrel and the benchmark international price was even higher. Since then, oil prices – which account for over half of what consumers pay at the pump – have tumbled.

The New York Times reported:

Recently, the daily declines in gas prices have slowed to tiny increments, just fractions of a cent. Futures trading suggests that investors expect oil and gasoline prices to continue drifting down over the next year, but these commodities are volatile and subject to global economic and political forces: Prices can go back up as quickly as they have come down. One of the factors pulling down demand recently has been people altering their driving habits in response to high prices, which could change again if prices settle down.

“I’d estimate over the next few weeks a recovery in prices,” said Allen Good, an equities analyst at Morningstar. He expects gas prices to “remain relatively high,” between $3.50 and $4 a gallon in the coming months, he said.

The state with the highest average gas prices is California ($5.493)

See also  Biden Lies Again - Cutting Medicare Benefits Through Inflation Reduction Act

The state with the lowest average gas prices is Mississippi ($3.094)

The rise in prices comes as Biden sells oil reserves to China, as Rep. Marjorie Taylor Greene warns:

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Conservative independent talk show host and owner of https://MAGABOOK.com. USMC Veteran fighting daily to preserve Faith - Family - Country values in the United States of America. Check out my podcast - https://www.spreaker.com/show/finish-the-race

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