Oh, what a difference a day makes. In a single day, Wednesday to Thursday of this week, the national average for a gallon of gas went up seven cents!
According to AAA, the national average for a gallon of gas went from $3.656 on Wednesday to $3.728 on Thursday.
As I reported just six days ago, the same national average sat at $3.57. That means that in only six days, the average rose 15 cents. Exactly one month ago, MRCTV’s Eric Scheiner reported on February 3 that the average stood at $3.36/gal., which means in one month — and it was a shorter month, for anyone that owns a calendar — the price of gas went up 36 cents.
AAA also has a chart listing the averages of the price of a gallon of gas currently, yesterday, a week ago, a month ago and a year ago for those that like to keep up to date on the stats.
For context, the average price of gas a year ago was $2.737. So in one year, the average price basically went up a whole dollar.
The establishment media is blaming the most recent surge in prices on the current conflict between Russia and Ukraine, but fail to mention that the Biden regime has done everything within their power to facilitate that rise, including eliminating our energy independence.
And despite all of the sanctions the Biden regime has placed on Russia, one section of the Russian economy that Biden hasn’t sanctioned is oil and natural gas.
President Joe Biden’s State of the Union announcement that “60 million barrels of oil will be released from strategic reserves around the world” won’t do much in the long term to battle the skyrocketing gas prices.
According to a 2015 Newsmax article reporting on information from the U.S. Energy Information Administration, “world consumption has been on a steady rise for decades and neared 94 million barrels a day in 2014.”
Let’s just say that oil consumption has stayed stagnant in the last seven or eight years. That means releasing 60 million barrels of oil from the strategic reserves would only alleviate the worldwide pain at the pump for less than a single day.
Personally, I can tell you that the price of a gallon of gas at the local station by where I live went up 10 cents in a day. Coming home from work in the evening on Wednesday, the price was at $3.81/gal., and the price on my way to work Thursday morning was $3.91/gal. Who knows what it could be by the time I leave this evening.
Related MRCTV Twitter Video:
Psaki on the idea of using the Keystone XL Pipeline to lower energy costs: "That is a proposed solution that has no relationship or would have no impact on what the problem is." pic.twitter.com/2xvRrPdVvq— MRCTV (@mrctv) March 3, 2022