Gas prices are the bane of all drivers. Unfortunately, skyrocketing gas prices may be making a return soon. A projection from energy experts has shown it’s possibility. This cutting-edge analysis is sure to send drivers into a frenzy as they still dread their weekly trips to the gas station
As many of us return to our everyday routine after the holidays, it’s likely that a lot of us are feeling a pinch on our wallets. Unfortunate news came in today as projections show that an increase in gas prices to $4 per gallon could be sooner than we thought. Although this may mean some belt tightening going forward, now is a great time to explore options such as an electric car that won’t work in a hard freeze, suggested by Biden, or thinking about selling that kidney for cash. Just some food for thought.
Daily Wire reports, data from GasBuddy shared with CNN suggests gas prices could exceed $4.00 per gallon by next May.
According to AAA data, the national average price of gasoline is $3.10 per gallon. In June, gas prices topped $5.00 per gallon. Costs are not expected to reach such levels in the next few months, but they could rise significantly.
GasBuddy Head of Petroleum Analysis Patrick De Haan spoke with CNN about what could be the main cause of the increase in gas prices.
In February, following the Russian invasion of Ukraine, gas prices rose again precipitously after rising rapidly since the beginning of 2021. The White House has blamed Russian President Vladimir Putin and domestic fossil fuel producers for high gas prices.
The administration has also claimed that recent declines in gas prices from record highs over the summer are attributable to policies advanced by the commander-in-chief
According to a poll from Yahoo, 66% of American drivers said they would change their driving patterns if gasoline costs between $4.12 per gallon and $4.35 per gallon.
The biggest takeaway from the head of Gasbuddy was his response to the future of gasoline amid calls of green energy.
When there are sudden and drastic increases in something essential to our everyday lives, like gas prices, Americans can feel the impact in an instant. High gas prices reminded us of the dependence we all have on this natural resource. We must take a step back from this quick thinking around transitioning away from gas. This current administration has seemingly been pushing people to drastically shift gears and make drastic changes to the economy without giving proper thought to long term sustainability. Though it is important to adapt, consideration needs to be given for maintaining our daily functioning as well as finding sustainable energy solutions that can benefit us in the future.
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