For the ninth consecutive week, the national average price of gasoline has moved higher, rising 5 cents per gallon over the last week to $2.79 today according to GasBuddy data compiled from more than 11 million individual price reports covering over 150,000 gas stations across the country.
Patrick De Haan, head of petroleum analysis for GasBuddy, says “At the start of this year, it was somewhat outlandish to predict a $3 per gallon national average for the summer driving season, but thanks to the speed of recovery from the pandemic pushing demand higher and OPEC’s reluctance to raise oil production, we’re on the cusp of making that a reality. As a consumer, it’s extremely frustrating to feel helpless as prices soar and as millions remain unemployed. The only advice I can offer is prepare for further increases."
Given Biden's $1.9 trillion spending progam is about to hit the economy, $4.00 per gallon gasoline can not be ruled out by this summer.
-RW
Aannnnndd the next phase will be...Are ya'ready?: Obscene Profits Time!!!!
ReplyDeleteTime for a little Product Control and some more Taxes for:
"It's for the children..." or mebbe, "Stopping the weed of Eeeevill Capitalism".
It'll be somethin' and it'll be soon. Count on it...
When "Lower Emissions" meets "Windfall Profits". LOL.
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