As the price of oil spikes to well over $115 per barrel, the price of gas across the nation has also slammed the pockets of Americans trying to fill their tanks in the wake of the ongoing Ukraine-Russia conflict.
The most recent price spiking led to San Francisco, California becoming to very first U.S. state to go on file with gas prices recorded at over $5 per gallon, as reported by Fox Business. While the city itself is seeing over $5, the overall average for the state as a whole sits at $4.94, a level that sits shocking above the national average of $3.728.
“It’s been quite ugly as gas prices rise nationally, but nowhere has the pain been more significant than California, where prices have breached the $5 gallon mark,” claimed the head of petroleum analysis for GasBuddy, Patrick De Hann, in statements to fox this past week.
De Hann took time to issue a warning that the gas prices for San Francisco would keep going up to hit a $5.35 per gallon mark by the end of this month.
Fox Business went on to report that “the United States and other major governments agreed to release 60 million barrels of crude from stockpiles to stabilize supplies, but it failed to calm anxiety over Russia’s attack on Ukraine as oil prices still rose.”
However, De Haan was not entirely convinced that the release of any barrels would end up having much effect on the stabilization of gas prices, stating that the loss of 10 million barrels of oil a day in production, “can’t be offset by meager releases of oil.”
“It would likely need to be more like 100-200 million barrels to have much effect,” he stated to Fox Business.
The current administration has constantly fought against rising gas prices and inflation, making the choice to go against any Republican attempts to fix the issues and instead choosing to double down on their proven failures of plans. Just this past week, Democratic politicians, corporate media pundits, and even transportation Secretary Pete Buttigieg have tried to suggest or stated they were open to, purchasing oil reserves from Iran, a nation that refers to the USA as “the great Satan,” and is a known sponsor of terror of organizations.
As reported by The Daily Wire:
“Could the president possibly consider authorizing the Keystone XL pipeline, working something out with Iran?” MSNBC’s Stephanie Ruhle asked Transportation Secretary Pete Buttigieg on Wednesday night’s episode of “The 11thHour.”
“Look, the president has said that all options are on the table,” replied Buttigieg, a former mayor of South Bend, Indiana. “But we also need to make sure we’re not galloping after permanent solutions to immediate short-term problems,” he said, possibly out of concern that reviving the U.S. energy sector may retard the Biden administration’s attempt to force Americans into relying on renewable energy sources.
Rep. Claudia Tenney (R-NY) clapped back against Buttigieg’s answers by claiming it was “a word salad of bureaucratic BS,” going on to say that the “left-wing in Washington is doubling down on energy illiteracy instead of learning more about real energy security solutions.”