{"id":1506434,"date":"2022-06-07T12:05:38","date_gmt":"2022-06-07T16:05:38","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1506434"},"modified":"2022-06-07T12:05:46","modified_gmt":"2022-06-07T16:05:46","slug":"another-week-in-bidens-america-another-round-of-daily-record-gas-prices","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/another-week-in-bidens-america-another-round-of-daily-record-gas-prices\/","title":{"rendered":"Another Week In Biden\u2019s America, Another Round Of Daily Record Gas Prices"},"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-week-in-bidens-america-another-round-of-daily-record-gas-prices%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=1506434&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\/5607338136_0b8c8e9594_k-e1654614681296.jpg\" class=\"ff-og-image-inserted\" alt=\"image\" \/><\/div>\n<p>The nationwide average for a gallon of regular unleaded gasoline reached $4.91 on Tuesday, <a href=\"https:\/\/gasprices.aaa.com\/\">according<\/a> to AAA\u2019s gas price tracker, marking another week straight of new records every day since the traditional spring peak on Memorial Day. Prices for diesel also hit a new record Tuesday at $5.68 per gallon. <\/p>\n<p>As of Monday, soaring gas prices had more than doubled what they were the month President Joe Biden took office in January 2021. <\/p>\n<p>\u201c[When] it comes to the gas prices,\u201d Biden <a href=\"https:\/\/thefederalist.com\/2022\/05\/24\/biden-celebrates-record-high-gas-prices-as-incredible-transition\/\">said<\/a> in Japan last month as prices were climbing daily, \u201cwe\u2019re going through an incredible transition that is taking place.\u201d<\/p>\n<p>\u201cGod willing,\u201d the president added, \u201cwhen it\u2019s over, we\u2019ll be stronger and the world will be stronger and less reliant on fossil fuels.\u201d<\/p>\n<p>Analysts at JPMorgan Chase <a href=\"https:\/\/www.cbsnews.com\/news\/gas-prices-could-reach-6-a-gallon-by-summer-jpmorgan\/\">predict<\/a> a nationwide average of $6.20 per gallon of regular unleaded by August. California residents began to suffer even steeper prices last week and are now paying an average of $6.37.<\/p>\n<p>While Americans face sticker shock at the pump, <a href=\"https:\/\/www.bls.gov\/news.release\/pdf\/cpi.pdf\">data<\/a> from the Department of Labor show consumer pocketbooks are being squeezed by inflation, which has spiked 8.3 percent since the same time last year, marking the fastest increase in four decades. Overall energy prices are up 30 percent from last year. <a href=\"https:\/\/news.gallup.com\/poll\/393176\/economic-pessimism-growing.aspx\">According<\/a> to Gallup, American confidence in the nation\u2019s economy is at its lowest point since 2009.<\/p>\n<p>Despite the economic turmoil, Biden has only doubled down on the same energy agenda that\u2019s increased power prices in the first place. After <a href=\"https:\/\/thefederalist.com\/2022\/05\/12\/as-gas-prices-set-new-records-biden-nukes-more-oil-and-gas-projects\/\">shutting down<\/a> more oil and gas projects in Alaska and the Gulf of Mexico earlier this year, the president invoked the Defense Production Act on Monday and waived select tariffs to accelerate the production of solar power. <\/p>\n<p>The intermittent nature of solar energy threatens to bring more instability to the power grid, which the\u00a0North American Electric Reliability Corporation has already <a href=\"https:\/\/thefederalist.com\/2022\/05\/24\/report-deadly-summer-blackouts-inevitable-as-renewables-struggle-to-replace-reliable-energy\/\">predicted<\/a> will face rolling blackouts amid dry summer heat waves. <\/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>The nationwide average for a gallon of regular unleaded gasoline reached $4.91 on Tuesday, according to AAA\u2019s gas price tracker, marking another week straight of new records every day since<\/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-1506434","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\/1506434","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=1506434"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1506434\/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=1506434"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1506434"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1506434"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}