{"id":1333845,"date":"2022-02-23T17:38:02","date_gmt":"2022-02-23T22:38:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1333845"},"modified":"2022-02-23T17:38:11","modified_gmt":"2022-02-23T22:38:11","slug":"u-s-consumers-facing-highest-gasoline-prices-in-at-least-nine-years","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/u-s-consumers-facing-highest-gasoline-prices-in-at-least-nine-years\/","title":{"rendered":"U.S. Consumers Facing Highest Gasoline Prices in at Least Nine Years"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fu-s-consumers-facing-highest-gasoline-prices-in-at-least-nine-years%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1333845&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p class=\"subheading\">President Joe Biden\u2019s war on fossil fuels continues to drive surging oil prices, which are approaching $100 a barrel and will cause American consumers to pay the highest price for gasoline at the pump in at least nine years.<\/p>\n<p>The left-wing media is trying to blame inflation and rising gasoline prices on Russian dictator Vladimir Putin\u2019s aggression toward neighboring Ukraine and cited the recent spike in Brent crude oil at $99.50.<\/p>\n<figure id=\"D-ROS-B1\" class=\"a8d\"><\/figure>\n<figure id=\"M-ROS-B1\" class=\"a8d\"><\/figure>\n<figure id=\"gmxrevmore\" class=\"H\"><\/figure>\n<p>Marketwatch <a href=\"https:\/\/www.marketwatch.com\/story\/u-s-drivers-brace-for-the-highest-prices-in-9-years-as-oil-approaches-100-a-barrel-11645558796?siteid=yhoof2&#038;yptr=yahoo\">followed<\/a> that narrative in covering soaring oil prices, including a remark from Brian Milne, editor and product manager at the DTN website, \u201censuring American motorists will be paying more for gasoline at the pump. Unless we see a quick resolution, Brent crude will push past $100 a barrel, sending U.S. gasoline prices to $3.75 a gallon by early March.\u201d<\/p>\n<figure id=\"M-ROS-B2\" class=\"a8d\"><\/figure>\n<div id=\"attachment_19984226\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/02\/ap-poll-ukraine-tensions-file-image-by-white-house-twitter-president-joe-biden-at-camp-david.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-19984226\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/02\/ap-poll-ukraine-tensions-file-image-by-white-house-twitter-president-joe-biden-at-camp-david.jpg\" alt=\"The Associated Press\" width=\"1125\" height=\"750\" \/><\/a><\/p>\n<p class=\"wp-caption-text\"><em>This image provided by The White House via Twitter shows President Joe Biden at Camp David, Maryland, February 12, 2022. (The White House via AP)<\/em><\/p>\n<\/div>\n<p>Marketwatch\u2019s report continued:<\/p>\n<blockquote>\n<p>Retail gasoline\u00a0<a href=\"https:\/\/fuelinsights.gasbuddy.com\/Home\">prices were already on the move<\/a>, with the average national price for regular unleaded at $3.541 a gallon Tuesday morning, according to travel and navigation app GasBuddy. They\u2019re up 2.1 cents from Sunday, and up nearly 21 cents from a month ago. Prices stand at their highest since the summer of 2014, GasBuddy data show. A move to $3.75 or more would lift the per-gallon cost to the highest since about March 2013.<\/p>\n<p>For each $1 a barrel rise in oil prices, the national average gasoline price rises around 1.5 cents a gallon, given base prices of $90 a barrel for U.S. benchmark West Texas Intermediate crude, and $3.65 a gallon for gasoline, says Patrick De Haan, head of petroleum analysis at GasBuddy. If oil spikes by $5 a barrel during a single trading session, for example, motorists would generally start paying for it in as little as 72 hours, with that move fully passed on in seven to 12 days, he says.<\/p>\n<p>When oil prices climbed to $100 back in 2014, gasoline prices were \u201cconsistently\u201d in the upper $3 range, from $3.50 to $3.85, says De Haan. Gasoline prices on average peaked at a record $4.10 a gallon in 2008, when oil hit $147 a barrel, he says, but oil didn\u2019t stay high for long.<\/p>\n<\/blockquote>\n<p>The Marketwatch report said oil supply disruptions \u201cwould be key to the outlook for gasoline,\u201d without reporting on how Biden <a href=\"https:\/\/www.breitbart.com\/news\/biden-halts-oil-gas-leases-amid-legal-fight-on-climate-cost\/\">has tried<\/a> to shut down as much domestic production of oil as he possibly can, including shuttering the Keystone Pipeline and trying to end oil exploration and production on public land.<\/p>\n<p>The report also notes that OPEC, including the biggest producer, Saudi Arabia, is not responding to Biden\u2019s repeated request for more production abroad.<\/p>\n<p>And as another global oil provider Russia, which is part of OPEC+, could retaliate for the imposition of sanctions.<\/p>\n<p>It\u2019s a \u201cperilous situation that could have a major effect on U.S. motorists and amongst the most dire in recent memory in terms of potential outcome being negative,\u201d De Haan said, adding this could mean a national average gas price at $5 a gallon.<\/p>\n<p><em>Follow Penny Starr on <a href=\"https:\/\/twitter.com\/PennyStarrDC\">Twitter<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Joe Biden\u2019s war on fossil fuels continues to drive surging oil prices, which are approaching $100 a barrel and will cause American consumers to pay the highest price for<\/p>\n","protected":false},"author":1,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1333845","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1333845","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1333845"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1333845\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1333845"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1333845"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1333845"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}