{"id":1499743,"date":"2022-06-01T12:59:39","date_gmt":"2022-06-01T16:59:39","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1499743"},"modified":"2022-06-01T12:59:51","modified_gmt":"2022-06-01T16:59:51","slug":"u-s-gas-prices-jump-to-record-high-4-67-gallon","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/u-s-gas-prices-jump-to-record-high-4-67-gallon\/","title":{"rendered":"U.S. Gas Prices Jump to Record High $4.67\/Gallon"},"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%2Fu-s-gas-prices-jump-to-record-high-4-67-gallon%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=1499743&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\">Gas prices increased five cents into Wednesday morning and topped a record high of $4.67 gallon, AAA data revealed.<\/p>\n<p>As drivers are confronted with a 50 percent gas price increase from last year, 18 states are <a href=\"https:\/\/www.breitbart.com\/politics\/2022\/05\/31\/gas-prices-soar-to-record-high-4-62-18-states-hovering-around-5-gallon\/\">hovering<\/a> around $5 per gallon.<\/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>JPMorgan Chase on May 18\u00a0<a class=\"x5l\" href=\"https:\/\/markets.businessinsider.com\/news\/commodities\/gas-prices-outlook-6-gallon-fuel-demand-summer-driving-season-2022-5?utm_medium=ingest&#038;utm_source=markets&#038;utm_medium=ingest&#038;utm_source=markets\" target=\"_blank\" rel=\"noopener external\">raised<\/a>\u00a0concerns the national average price of gas could increase to $6 per gallon.\u00a0California has already exceeded $6\/gallon.<\/p>\n<p>The soaring gas price has fueled President Joe Biden\u2019s inflation.<\/p>\n<p>On Tuesday, Treasury Secretary Janet Yellen\u00a0<a class=\"editor-rtfLink\" href=\"https:\/\/www.cnn.com\/2022\/05\/31\/politics\/treasury-secretary-janet-yellen-inflation-cnntv\/index.html\" target=\"_blank\" rel=\"noopener\">admitted<\/a>\u00a0during a press interview she and the president had failed to accurately assess that inflation would climb to a 40-year-high.<\/p>\n<figure id=\"M-ROS-B2\" class=\"a8d\"><\/figure>\n<div id=\"attachment_21210059\" class=\"wp-caption alignnone\"><a href=\"https:\/\/media.breitbart.com\/media\/2022\/06\/GettyImages-1240963063.jpg\"><\/a><\/p>\n<p class=\"wp-caption-text\"><em>A customer pumps fuel at a Wawa gas station in Annapolis, Maryland, US, on Saturday, May 28, 2022. Gas prices have jumped 40% since January, to a record of $4.59 a gallon one week before Memorial Day, the traditional start of the peak driving season. (Joshua Roberts\/Bloomberg via Getty)<\/em><\/p>\n<\/div>\n<p>\u201cWell, look, I think I was wrong then about the path that inflation would take. As I mentioned, there have been unanticipated and large shocks to the economy that have boosted energy and food prices and supply bottlenecks that have affected our economy badly that I didn\u2019t \u2014 at the time didn\u2019t fully understand,\u201d Yellen acknowledged.<\/p>\n<p>\u201cBut we recognize that now,\u201d she said.<\/p>\n<p>Bidenflation has caused the president to become frustrated and increasingly deflect responsibility by blaming aides for not addressing the problem.<\/p>\n<p>According to the <em>Washington Post<\/em>, \u201cBiden has privately grumbled to top White House officials over the administration\u2019s handling of inflation, expressing frustration over the past several months that aides were not doing enough to confront the problem directly.\u201d<\/p>\n<p>But Biden has continued his war on American energy. Breitbart News reported:<\/p>\n<blockquote>\n<p>Biden\u00a0<a href=\"https:\/\/www.breitbart.com\/economy\/2022\/03\/09\/american-oil-drillers-democrat-policies-blocking-energy-production\/\">has waged<\/a>\u00a0war on both public and private financing of oil drilling while subsidizing green-new-deal-like energy plans. As a result, American oil production is\u00a0<a class=\"x5l\" href=\"https:\/\/www.cnn.com\/2022\/03\/02\/energy\/us-oil-production\/index.html\" target=\"_blank\" rel=\"noopener external\">down<\/a>\u00a0from 2019, the year before the pandemic. Hard numbers suggest 2022 oil production is 12 million barrels per day, or eight percent less than in 2019.<\/p>\n<p class=\"text | article-text\">Biden has made it increasingly more difficult for oil companies to gain financing to drill on private lands. He has also halted new drilling on public lands and terminated the Keystone Pipeline project that would have transported vast amounts of oil to American refineries.<\/p>\n<\/blockquote>\n<p>It is not the first time Biden has shielded himself from blame for inflation.<\/p>\n<p>What the White House once\u00a0<a class=\"editor-rtfLink\" href=\"https:\/\/www.breitbart.com\/politics\/2022\/02\/16\/democrats-pivot-on-inflation-after-months-of-transitory-claim\/\" target=\"_blank\" rel=\"noopener\">dubbed<\/a>\u00a0\u201ctransitory inflation\u201d\u00a0<a href=\"https:\/\/www.breitbart.com\/the-media\/2022\/03\/09\/media-adopts-bidens-strategy-of-blaming-putin-for-gigantic-gas-prices\/\">became<\/a>\u00a0\u201cPutin\u2019s price hike.\u201d Before that reframing, the establishment media\u00a0<a class=\"editor-rtfLink x5l\" href=\"https:\/\/www.cnn.com\/2021\/12\/01\/economy\/inflation-good-bad-winners-losers\/index.html\" target=\"_blank\" rel=\"noopener external\">said<\/a>\u00a0inflation was \u201cgood,\u201d while the\u00a0<em>Washington Post<\/em>\u00a0<a href=\"https:\/\/www.washingtonpost.com\/opinions\/2022\/03\/10\/democrats-in-denial-about-inflation\/\">said<\/a>\u00a0inflation was the result of \u201ccorporate greed.\u201d<\/p>\n<p><em>Follow Wendell Huseb\u00f8 on\u00a0<a class=\"x5l\" href=\"https:\/\/twitter.com\/WendellHusebo?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor\" target=\"_blank\" rel=\"noopener external\">Twitter<\/a>\u00a0and\u00a0<a class=\"x5l\" href=\"https:\/\/gettr.com\/user\/wendellhusebo\" target=\"_blank\" rel=\"noopener external\">Gettr<\/a>\u00a0@WendellHuseb\u00f8. He is the author of\u00a0<a class=\"x5l\" href=\"https:\/\/www.amazon.com\/Politics-Slave-Morality-Wendell-Husebo-ebook\/dp\/B08PPYQSDZ\" target=\"_blank\" rel=\"noopener external\">Politics of Slave Morality<\/a>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gas prices increased five cents into Wednesday morning and topped a record high of $4.67 gallon, AAA data revealed. As drivers are confronted with a 50 percent gas price increase<\/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-1499743","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\/1499743","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=1499743"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1499743\/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=1499743"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1499743"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1499743"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}