Your eyes and wallet aren’t lying. Gas prices are going up and it seems likely that it will only get worse with Joe Biden and Kamala Harris at the helm.
“Gasoline prices topped $3 a gallon Sunday in nine states and the District of Columbia, part of a steady national rise since November that some analysts expect to hit the $4 mark soon,” according to The Washington Times.
“Blame the skyrocketing prices on increased demand as Americans emerge from COVID-19 sheltering, coupled with lower supply driven in part by the recent cold snap in Texas that shuttered oil refineries.
“Politics in Washington and around the globe can move gas and oil prices, but energy analysts say that’s not what is happening. They also warn that President Biden’s climate agenda likely will exacerbate the rise in fuel costs… [emphasis added]
“Consumers are feeling pain at the pump at an inopportune moment for Mr. Biden. Although the president is not responsible for the price hikes, his embrace of policies on climate change is unlikely to provide much relief. [emphasis added]
“Higher prices for fossil fuels are baked into the administration’s far-reaching goals. The president has reenrolled the U.S. in the Paris Agreement and committed the nation to the goal of net-zero carbon emissions by 2050. [emphasis added]
“One of Mr. Biden’s first moves in office was to revoke permits for the Keystone XL Pipeline, which would have carried 800,000 barrels of oil per day from Canada to refineries in the Texas Gulf Coast region. He also issued a moratorium on new oil and gas drilling on federal lands.
“Both actions likely will hinder attempts to scale up domestic energy production to meet growing demand.”
For more, go to The Washington Times.
Please share your opinion in the comment section. Are you willing to pay more for gasoline to satisfy the Biden/Harris environmental policies?
Gasoline prices have topped $3 a gallon in nine states and the District of Columbia, part of a steady national rise since November that some analysts expect to hit the $4 mark soon. #TWTFrontPagehttps://t.co/AitE2uXsI3
— The Washington Times (@WashTimes) March 15, 2021