Posted on 10/23/2021 1:54:57 PM PDT by Hojczyk
Gas prices have spiked to their highest level in seven years, according to an AAA report just released this week.
In some of the priciest gas stations in the U.S., a gallon is already costing $4.50 (or more)… up significantly from just a week ago.
And all indications point to prices rising even higher as we head into the winter heating season…
In fact, former White House economist Stephen Moore told me in this week’s podcast that he predicts “$5 oil at the pumps quite soon.”
You may remember that back in June, I wrote you could expect $75 to $100 oil before the end of the year, and, sure enough, we’re already there. The price of the key U.S. oil benchmark is around $82 a barrel as I write. And Brent crude oil – the international benchmark – is at multiyear highs as well… It’s around $84 per barrel today.
Oil has a direct correlation to gas prices, naturally, so Americans should be prepared for this inflation… at the gas pump and elsewhere.
Oil producers are clearly wary about the current regulatory environment, and they aren’t racing to replenish the low supply.
We can see evidence of this in the futures markets, too. The Wall Street Journal reported over the weekend that traders are betting the U.S. oil benchmark will surge above $100 a barrel this year, with some betting that the global benchmark, Brent crude, will reach a record high of $200 a barrel by December 2022. The article also warned of expected volatility…
(Excerpt) Read more at americanconsequences.com ...
absolutely like Carter 2.0 (this time with alzheimer’s), with commies running things behind the scenes of his puppet presidency.
$3.17 in my part of OK. In light of how much worse prices are in other regions, I will be doing much less bitching from here on. (About gas, anyway ...)
Hey the government can just buy everything for us at inflated prices and give it to us. It won’t cost the taxpayer’s a penny.
“The purpose is to get gas high enough that the people would beg for EV’s”.
But most won’t be able to afford them.
Brandonville. Right next to Potterville. They share a river called “Sanspaddle Falls”.
My truck gets 17 MPG, wife’s car gets 34 MPG - I no longer mind driving her “girly” car.
But...no more Orange Man Bad!!!!
Welcome to bidenville!
Bend over Bubba cause it's coming good and hard.
Embrace the suck Biden supporters.
Hope to you with cardboard signs begging outside of Target soon.
Rat poison “vaccines.”
Children and other Young People poisoned, maimed, and murdered by “Da Vaxxxxx.”
Incessant Lies and Dishonesty from the “medical professionals,” “government representatives,” “news reporters,” and “academic researchers.”
Job-destroying and Business-ruining Scamdemic.
Five Dollar Gas.
Outrageous Food Prices.
Supply Chain and Port Delivery Chaos.
Unending Illegal Alien Flows.
Massive Shortages of Anything Important.
.....And it’s all done to us ON PURPOSE!!!!
The Divine Fury of Almighty God cannot come to the Satanic reptiles in the District of Corruption soon enough.
I drive less than 4K miles a year.
Yes you can. Re-instate the Keystone Pipeline and drilling/fracking on fedgov land leases. Amazing we went from energy independence to this is less than a year.
The planned destruction of our Republic is well underway. Obambi and his ilk must be giggling that their "Fundamentally Change America" plan is accelerating.
I served 11 yrs Navy; others have served, fought, died, maimed for this state of our Republic? What a slap in the face! I can't despise these people any more than I do.
“Good thing I have a Home Equity Loan/Account.”
You’ll know gas prices are really high when you have to talk to a loan officer and get prequalified before a fill up. Lol
Just filled home heating oil tank.
$2.85 / gallon
We bought a 30mpg used Ford Focus right after biden’s coronation because I knew it would be obama 3.0. At 15,000 miles per year and the truck getting 15mpg, the car will save us 1,000 gallons and will pay for itself in one year with a $3.00 a gallon increase in gas price. We paid $3,000 for the car.
It will save us money over the next three years of this admin even at the current gas price which has increased by $1.40 so far here.
I hope there is such a huge shortage of jet fuel all the elite$ will have to start taking the bus ... including Joe Birdbrain and Cackling Kamala
Why is it that in 2008 when oil was at its highest price ever at about $147/barrel gas was just over $4/gallon, but now that oil is about $82/barrel gas is almost $5/gallon?
I’m a Doordash driver. I drive a Prius, so it’s not too painful...yet. I fill the tank once every 3 or 4 days. Has gone from a $15 fill up to $23 this morning. My non hybrid camry stays in the driveway.
Paid $2.99 this morning in north Texas. A year ago the same station was $1.66.
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