{"id":1499460,"date":"2022-06-01T10:14:51","date_gmt":"2022-06-01T14:14:51","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1499460"},"modified":"2022-06-01T10:14:58","modified_gmt":"2022-06-01T14:14:58","slug":"another-post-holiday-fuel-cost-spike-shows-bidens-price-hikes-just-wont-quit","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/another-post-holiday-fuel-cost-spike-shows-bidens-price-hikes-just-wont-quit\/","title":{"rendered":"Another Post-Holiday Fuel Cost Spike Shows Biden\u2019s Price Hikes Just Won\u2019t Quit"},"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\">24<\/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%2Fanother-post-holiday-fuel-cost-spike-shows-bidens-price-hikes-just-wont-quit%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=1499460&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><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/06\/49776242341_8e1842602e_k-e1654089988659.jpg\" class=\"ff-og-image-inserted\" alt=\"image\" \/><\/div>\n<p>Soaring gas prices hit a new high on Wednesday, maintaining an upward trend post-Memorial Day with records increasing beyond the traditional spring peak. <\/p>\n<p><a href=\"https:\/\/gasprices.aaa.com\/\">According<\/a> to AAA travel agency, the nationwide average for a gallon of regular unleaded hit $4.67 in a five-cent jump from Tuesday. The cost of diesel remained high at $5.28 per gallon.<\/p>\n<p>Speaking in Japan last week, President Joe Biden declared the rising gas prices to be \u201can incredible transition.\u201d<\/p>\n<p>\u201cWhen it\u2019s over, we\u2019ll be stronger and the world will be stronger and less reliant on fossil fuels,\u201d Biden said.<\/p>\n<p>Meanwhile, Americans are coping with inflation rising at its fastest pace in four decades. <a href=\"https:\/\/www.bls.gov\/news.release\/pdf\/cpi.pdf\">Data<\/a> from the Department of Labor show prices on its all-items index up 8.3 percent year-over-year with energy prices soaring more than 30. The high fuel prices only exacerbate inflation, driving up the costs of manufacturing and transportation in addition to the dollar amounts Americans are facing at the pump.<\/p>\n<p><a href=\"https:\/\/news.gallup.com\/poll\/393176\/economic-pessimism-growing.aspx\">According<\/a> to Gallup\u2019s Economic Confidence Index\u2019s latest update on Tuesday, Americans haven\u2019t felt more pessimistic about the nation\u2019s economy since 2009. <\/p>\n<p>Despite the ongoing turbulence, Biden has continued to hamper domestic oil and gas production with a cascade of new taxes and regulations as the administration promotes high-end electric vehicles to circumvent gas prices. <a href=\"https:\/\/www.prnewswire.com\/news-releases\/eight-straight-new-vehicle-prices-mark-another-record-high-in-november-2021-according-to-kelley-blue-book-301442015.html\">According<\/a>\u00a0to Kelley Blue Book in December, however, the average transaction price of an electric vehicle is north of $56,400, which is $5,000 more than an entry-level luxury car.<\/p>\n<p>To suppress gas prices ahead of the fall midterms, which is already a traditionally hostile cycle to the party in the White House, Biden ordered the \u201c<a href=\"https:\/\/thefederalist.com\/2022\/04\/01\/joe-biden-is-doing-everything-possible-to-avoid-unleashing-american-energy-production\/\">unprecedented<\/a>\u201d release of 1 million barrels of oil per day for 180 days. The release began on May 15 and will run through November. But the oil amounts to only a fraction of U.S. daily consumption, which the Energy Information Administration <a href=\"https:\/\/www.eia.gov\/tools\/faqs\/faq.php?id=33&#038;t=6\">places<\/a> at 20 million barrels, and prices keep skyrocketing. <\/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>Soaring gas prices hit a new high on Wednesday, maintaining an upward trend post-Memorial Day with records increasing beyond the traditional spring peak. According to AAA travel agency, the<\/p>\n","protected":false},"author":494,"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-1499460","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\/1499460","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\/494"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1499460"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1499460\/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=1499460"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1499460"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1499460"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}