{"id":1371026,"date":"2022-03-11T10:25:53","date_gmt":"2022-03-11T15:25:53","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1371026"},"modified":"2022-03-11T10:25:57","modified_gmt":"2022-03-11T15:25:57","slug":"gas-prices-soar-to-record-high-for-fifth-consecutive-day","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/gas-prices-soar-to-record-high-for-fifth-consecutive-day\/","title":{"rendered":"Gas Prices Soar to Record High for Fifth Consecutive Day"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">20<\/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%2Fgas-prices-soar-to-record-high-for-fifth-consecutive-day%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=1371026&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--><div><\/div>\n<p class=\"subheading\">The national average price of gas increased to a record high for the fifth consecutive day on Friday.<\/p>\n<p>Increasing two cents overnight, the most expensive average gas price ever <a href=\"https:\/\/gasprices.aaa.com\/\">recorded<\/a> is now $4.331, a full 49 cents more than last week and 85 cents more than a month ago, according to AAA.<\/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>Friday marks the fifth day of\u00a0 a five-day surge in which gas prices beat record highs not seen since 2008 when Barack Obama was president.<\/p>\n<p>The White House has blamed the record-high gas prices on\u00a0\u201cPutin\u2019s price hike.\u201d<\/p>\n<p>\u201cIt\u2019s going to go up,\u201d Biden <a href=\"https:\/\/www.breitbart.com\/the-media\/2022\/03\/09\/media-adopts-bidens-strategy-of-blaming-putin-for-gigantic-gas-prices\/\">noted<\/a> about gas prices Tuesday. \u201cCan\u2019t do much right now. Russia is responsible,\u201d he claimed.<\/p>\n<figure id=\"M-ROS-B2\" class=\"a8d\"><\/figure>\n<p>The White House has also blamed the American oil industry for not producing enough oil to fill the void from the Ukrainian war.<\/p>\n<p>\u201cWhat additional permits do they need? The leases are there. The permits are there. I don\u2019t think they need an embroidered invitation to drill. They are oil companies,\u201d White House press secretary Jen Psaki\u00a0<a class=\"editor-rtfLink\" href=\"https:\/\/twitter.com\/Acyn\/status\/1501631890968571904?s=20&#038;t=PnEYcDmjGp2Q8d_ohOoiyg\" target=\"_blank\" rel=\"noopener\">claimed<\/a>\u00a0about the feasibility of oil drilling on 9,000 private oil leases.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Asked if Pres. Biden \u201cwould cut red tape\u201d for companies to drill more oil in U.S., White House press sec. Jen Psaki says, &#8220;What red tape needs to be cut when they have the permits?&#8221;<\/p>\n<p>&#8220;I don&#8217;t think they need an embroidered invitation to drill.&#8221; <a href=\"https:\/\/t.co\/JtrQBgjqTK\">https:\/\/t.co\/JtrQBgjqTK<\/a> <a href=\"https:\/\/t.co\/M7UyHRanHE\">pic.twitter.com\/M7UyHRanHE<\/a><\/p>\n<p>\u2014 ABC News (@ABC) <a href=\"https:\/\/twitter.com\/ABC\/status\/1501636161806245902?ref_src=twsrc%5Etfw\">March 9, 2022<\/a><\/p>\n<\/blockquote>\n<p>\u201cThe president has been clear that he believes they have the tools they need\u2026 to go get more oil here in the United States,\u201d Psaki\u00a0<a href=\"https:\/\/www.breitbart.com\/politics\/2022\/03\/10\/white-house-claims-drillers-have-tools-for-more-oil-production-while-banks-cut-drilling-funds\/\">reiterated<\/a>\u00a0Friday.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Trump vs Biden at this time in office<\/p>\n<p>INFLATION<br \/>Trump March 10,2018: 2.36%<br \/>Biden March 10,2022: 7.9% (highest in 40 years)<\/p>\n<p>GAS \u26fd<br \/>Trump: $2.71\/gallon<br \/>Biden: $4.32\/gallon (all time high)<\/p>\n<p>NASDAQ Performance <br \/>Trump: +40.49%<br \/>Biden: +2.32%<\/p>\n<p>Everything was BETTER under Trump<\/p>\n<p>\u2014 InteractivePolls (@IAPolls2022) <a href=\"https:\/\/twitter.com\/IAPolls2022\/status\/1502033358410457092?ref_src=twsrc%5Etfw\">March 10, 2022<\/a><\/p>\n<\/blockquote>\n<p>But evidence does not support the White House\u2019s claims. Bloomberg\u00a0<a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-11-09\/cost-of-capital-widens-for-fossil-fuel-producers-green-insight\">reported<\/a>\u00a0the cost of funding\u00a0fossil fuel projects is ten percentage points higher than it was before Biden\u2019s presidency. The costly funding has\u00a0occurred because the Biden administration has\u00a0successfully\u00a0<a href=\"https:\/\/www.breitbart.com\/economy\/2022\/03\/09\/american-oil-drillers-democrat-policies-blocking-energy-production\/\">pressured<\/a>\u00a0financial institutions to reduce the international and domestic, public and private financing of American energy production on private lands.<\/p>\n<p>For instance,\u00a0Credit Suisse has reduced lending to the industry and plans to cut future financing of the industry by half between 2020 and 2030, Reuters\u00a0<a class=\"x5l\" href=\"https:\/\/www.breitbart.com\/economy\/2022\/03\/10\/under-climate-activist-pressure-credit-suisse-defunds-oil-gas-industry-by-41\/\" target=\"_blank\" rel=\"noopener external\">reported<\/a>\u00a0Thursday.<\/p>\n<p>The impact of Biden\u2019s war on American energy independence is massive gas price hikes, which the administration seemingly seeks to reduce by purchasing oil from Venezuela and Iran, allies of China, and consequently friends of Russia.<\/p>\n<p><em>Follow Wendell Huseb\u00f8 on <a href=\"https:\/\/twitter.com\/WendellHusebo?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor\">Twitter<\/a>\u00a0<\/em>and <em><a href=\"https:\/\/gettr.com\/user\/wendellhusebo\">Gettr<\/a>\u00a0@WendellHuseb\u00f8<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The national average price of gas increased to a record high for the fifth consecutive day on Friday. Increasing two cents overnight, the most expensive average gas price ever recorded<\/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-1371026","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\/1371026","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=1371026"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1371026\/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=1371026"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1371026"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1371026"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}