{"id":1494042,"date":"2022-05-27T07:44:46","date_gmt":"2022-05-27T11:44:46","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1494042"},"modified":"2022-05-27T07:44:49","modified_gmt":"2022-05-27T11:44:49","slug":"gas-prices-surge-to-record-4-60-average-nationwide","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/gas-prices-surge-to-record-4-60-average-nationwide\/","title":{"rendered":"Gas Prices Surge to Record $4.60 Average Nationwide"},"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\">16<\/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-surge-to-record-4-60-average-nationwide%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=1494042&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>Gas prices reached a nationwide average of $4.60 per gallon on Thursday as they maintain an upward climb with record-setting prices each day for more than two weeks straight, <a href=\"https:\/\/gasprices.aaa.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">according<\/a> to AAA\u2019s gas tracker. Diesel fuel, critical for tankers, trains, trucks, and farming machinery remained high at $5.53 per gallon, just 3 cents shy of its record of $5.57 set last week.<\/p>\n<p>\u201c[When] it comes to the gas prices, we\u2019re going through an incredible transition,\u201d President Joe Biden <a href=\"https:\/\/thefederalist.com\/2022\/05\/24\/biden-celebrates-record-high-gas-prices-as-incredible-transition\/\">said<\/a> in Japan on Monday. \u201cWhen it\u2019s over, we\u2019ll be stronger and the world will be stronger and less reliant on fossil fuels.\u201d<\/p>\n<p>Biden\u2019s animosity toward fossil fuels launched the day he took office with his <a href=\"https:\/\/thefederalist.com\/2022\/04\/14\/bidens-decision-to-stop-the-keystone-pipeline-absolutely-hiked-gas-prices\/\">cancellation<\/a> of the Keystone XL Pipeline and an indefinite suspension of oil and gas leases on federal lands, which directly raises gas prices while leaving the power grid in jeopardy of blackouts.<\/p>\n<p>Last week, the North American Electric Reliability Corporation <a href=\"https:\/\/thefederalist.com\/2022\/05\/24\/report-deadly-summer-blackouts-inevitable-as-renewables-struggle-to-replace-reliable-energy\/\" target=\"_blank\" rel=\"noreferrer noopener\">forecast<\/a> a season of repeat outages as power stations are stretched beyond capacity amid summer heatwaves and dry conditions. The early retirement of conventional power plants is in part to blame, while smoke from the coming wildfires prepares to block sunlight from inefficient solar panels and investors shy away from projects that involve fossil fuels. Biden\u2019s continued <a href=\"https:\/\/thefederalist.com\/2022\/05\/12\/as-gas-prices-set-new-records-biden-nukes-more-oil-and-gas-projects\/\" target=\"_blank\" rel=\"noreferrer noopener\">cancellation<\/a> of domestic energy projects from Alaska to the Gulf of Mexico in recent weeks has continued to spook investors from promoting the capital-intensive industry.<\/p>\n<p>In April, the Department of the Interior <a href=\"https:\/\/thefederalist.com\/2022\/04\/21\/why-bidens-court-ordered-resumption-of-oil-and-gas-leases-wont-bring-down-prices\/\" target=\"_blank\" rel=\"noreferrer noopener\">announced<\/a> the administration would finally move forward with a series of public land leases for oil and gas drilling in compliance with a federal court order. White House officials have made clear, however, that the leases are only moving forward because a federal judge overturned the president\u2019s suspension of new drilling operations on public land.<\/p>\n<p>\u201cPresident Biden remains absolutely committed to not moving forward with additional drilling on public lands,\u201d White House climate adviser Gina McCarthy <a href=\"https:\/\/twitter.com\/HallieOnMSNBC\/status\/1516894901895667715?s=20&#038;t=_66AuUZiVWpYN41F7d4KJw\" target=\"_blank\" rel=\"noreferrer noopener\">pledged<\/a> on MSNBC days after the announcement. <\/p>\n<p>To minimize new drilling operations while remaining compliant with the court order, the Interior Department offered only 20 percent of the land initially nominated for leasing, complemented by a 50 percent tax increase on what\u2019s extracted.<\/p>\n<p>In March, Biden announced an \u201c<a href=\"https:\/\/thefederalist.com\/2022\/04\/01\/joe-biden-is-doing-everything-possible-to-avoid-unleashing-american-energy-production\/\" target=\"_blank\" rel=\"noreferrer noopener\">unprecedented<\/a>\u201d release from the nation\u2019s strategic petroleum reserves maintained for emergencies to suppress gas prices going into the midterms. Biden ordered that 1 million barrels of crude be released each day for 180 days beginning May 15, with no coincidence that the order will expire immediately following the November elections. Despite the release, gas prices have continued to reach new peaks each day since. <\/p>\n<hr class=\"wp-block-separator\" \/>\n<p>\n  Tristan Justice is the western correspondent for The Federalist. He has also written for The Washington Examiner and The Daily Signal. His work has also been featured in Real Clear Politics and Fox News. Tristan graduated from George Washington University where he majored in political science and minored in journalism. Follow him on Twitter at @JusticeTristan or contact him at Tristan@thefederalist.com.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gas prices reached a nationwide average of $4.60 per gallon on Thursday as they maintain an upward climb with record-setting prices each day for more than two weeks straight, according<\/p>\n","protected":false},"author":498,"featured_media":2315279,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1494042","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\/1494042","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\/498"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1494042"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1494042\/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=1494042"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1494042"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1494042"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}