The price of a gallon of gasoline continues to rise dramatically, having more than doubled since President Joe Biden took office and rising sharply again this week following Russia’s invasion of Ukraine.
Gas prices have exceeded $5 a gallon in some states, including California.
According to the AAA, prices across the country rose 11 cents overnight, the highest one-day increase since Hurricane Katrina in 2005.
“California gas prices broke state highs averaging $5.07 per gallon, while cities like Syracuse, New York are seeing their highest prices in 10 years and Michigan has seen prices rise 39 cents in just one week,” according to The Daily Cable written down.
“A report from Triple-A lists the states with the highest gas prices right now. As usual, California topped this list, with the highest reported cost of $5.07 per gallon,” ABC 30 reported.
And in Syracuse, the average cost of gasoline “rised to $4,026 per gallon of regular fuel as of Friday morning, according to AAA,” Syracuse.com reported. That number is “20 cents higher than two days ago when it was $3,808” and “it’s also 30 cents higher than last week when prices averaged $3,720.”
The sharp increase is largely due to Russia’s war with Ukraine; Russia is one of the largest oil producers in the world. Oil prices rose to over $100 a barrel this week. CBS reports that the price of Brent crude, the international benchmark, touched nearly $113 a barrel on Wednesday, the highest since 2014.
House Speaker Nancy Pelosi said Thursday she supports banning Russian oil imports to the US, which could help President Joe Biden and global allies isolate Russian President Vladimir Putin’s regime. However, a ban could also lead to a sharper rise in prices at the pump and fuel Republican calls for more oil or gas drilling in the US
Conservative groups blame Democrat and Biden energy policies.
“Gas prices are rising with no sign of slowing down thanks to failed Democrat policies,” Cally Perkins, press secretary for the Congressional Leadership Fund, said in an email.
Perkins blamed Democrats like Michigan Congressman Dan Kildee.
“Every time Michiganians go to the pump, they’re reminded that Kildee and the Democrats did everything they could to curb American energy, and now working families are paying the price,” she added.
As prices soar, 25 GOP governors issued a letter on Friday urging the president to mitigate the long-term impact of the price spikes by making US energy supplies independent by reopening federal states to oil supplies .
This letter was signed by the following Republican governors: according to to a local media company in Wyoming:
governors [Mark Gordon (WY)] Brad Little (ID), Kay Ivey (AL), Mike Dunleavy (AK), Doug Ducey (AZ), Asa Hutchinson (AR), Ron DeSantis (FL), Brian Kemp (GA), Eric Holcomb (IN), Kim Reynolds (IA), Larry Hogan (MD), Tate Reeves (MS), Mike Parson (MO), Greg Gianforte (MT), Pete Ricketts (NE), Chris Sununu (NH), Doug Burgum (ND), Kevin Stitt (OK ), Henry McMaster (SC), Kristi Noem (SD), Bill Lee (TN), Greg Abbott (TX), Spencer Cox (UT), Glenn Youngkin (VA) and Jim Justice (WV)
“As Governors, we call on President Biden to reverse his policies and restore America’s energy independence to our citizens as well as our allies abroad,” the letter said.
“By lifting its bans on developing new oil and gas on federal land, building the Keystone XL pipeline, and reinstating regulatory reforms to streamline energy permits, we can protect our national energy security and sell it to our friends, not our enemies to buy – especially Russia. Family budgets are already stretched thin after record inflation,” the governors wrote.
“The people of our states cannot afford another PTO, and our allies cannot afford to be held hostage by Putin’s tyranny and aggression,” the group added.
https://smartzune.com/gas-prices-continue-to-skyrocket-top-5-gallon-in-some-states-as-gop-presses-biden-to-change-energy-policy/ Gas prices continue to skyrocket, surpassing $5 gallon in some states as GOP urges Biden to change energy policy