March 4, 2022
The price of gasoline has reached record highs in California. The state become in American history to charge averages of over $5 a gallon for the essential fuel with Los Angeles and San Francisco eclipsing that mark earlier this week. Residents of several California cities are facing even worse pain at the pump, as gas prices at some fueling stations have eclipsed $6 a gallon, and analysts warn the situation will soon be replicated nationwide.
According to AAA, gas prices in California now average $5.07 statewide. Drivers in the San Francisco and Los Angeles metro areas are faring even worse than those in other corners of the state, with gas in San Francisco averaging a whopping $5.21 a gallon. In Los Angeles, a gallon of gas is averaging $5.15.
Some Californians have even reported stations charging upwards of $6 for just one gallon of gas, and the price hikes don’t seem to be stopping anytime soon. Some market analysts are warning the situation will get even worse in California and eventually begin to replicate nationwide.
Currently, the national average cost for a gallon of gas is sitting at $3.83 a gallon, up more than a dollar from just one year ago, and even higher than the $2.39 nationwide average that Americans enjoyed on President Trump’s final day in office.
Alongside inflation, the price of fuel has skyrocketed since Joe Biden took office in January of last year after America had achieved what was widely dubbed as energy independence under the Trump Administration. America had even become a net exporter of energy products in 2019, the first time it had held such a status since 1952.
The Biden Regime’s energy policies, which have included shutting down pipelines and oil drilling jobs, have resulted in a gaping hole in the fulfillment of America’s energy needs, which is now being satisfied by Russia. Russia has also made several major moves into the Western European energy market, supplying Germany with fuel via the controversial Nord Stream Pipeline, something President Trump repeatedly warned about while in office.
Despite a recent re-enaction of sanctions against Russia and President Vladimir Putin by the Biden Regime following the invasion of Ukraine, Russia is still receiving energy payments from the United States, as Biden’s sanctions only bar the signing of new energy deals, and don’t stop existing payments. That issue has led to establishment Republicans and Democrats both, like Senator Ted Cruz and House Speaker Nancy Pelosi, calling for the immediate cessation of American fuel purchases from Russia. Market analysts say that move would drive up the price of gas and other fuels, even more, delivering punishment straight to the American people – not the Russians.
SOURCE: National File