{"id":497204,"date":"2021-05-11T17:20:45","date_gmt":"2021-05-11T21:20:45","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=497204"},"modified":"2021-05-11T17:20:46","modified_gmt":"2021-05-11T21:20:46","slug":"gas-prices-reach-6-year-high-amid-shortages","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/gas-prices-reach-6-year-high-amid-shortages\/","title":{"rendered":"Gas Prices Reach 6-Year High Amid Shortages"},"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\">14<\/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-reach-6-year-high-amid-shortages%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=497204&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\/2021\/05\/Gas-station-scaled-e1620763570189.jpeg\" class=\"ff-og-image-inserted\"  style=\"display:none\"><\/div>\n<p>The national average gas price hit a six-year high Tuesday amid shortages across the Southeast.<\/p>\n<p>The national average jumped up to $2.985, the highest price since November 2014, when it was $2.99, <a href=\"https:\/\/gasprices.aaa.com\/gas-prices-jump-six-cents-on-week-likely-to-climb-higher-with-major-pipeline-shutdown\/\">according<\/a> to the American Automobile Association. Gas stations across the South are reporting they have no gasoline, <a href=\"https:\/\/twitter.com\/GasBuddyGuy\/status\/1392122538571010051?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1392122538571010051%7Ctwgr%5E%7Ctwcon%5Es1_&#038;ref_url=https%3A%2F%2Fwww.washingtonpost.com%2Fbusiness%2F2021%2F05%2F11%2Fgas-shortage-colonial-pipeline%2F\">including<\/a> 7 percent of stations in Virginia and 5 percent of stations in North Carolina.<\/p>\n<p>AAA forecasts that prices will continue to increase this week after Colonial Pipeline, which provides 45 percent of the East Coast&#8217;s fuel supply, shut down operations Friday following a ransomware attack.<\/p>\n<p>Gas prices have climbed nationwide since the beginning of the year, when the average was $2.249, <a href=\"https:\/\/www.eia.gov\/dnav\/pet\/hist\/LeafHandler.ashx?n=pet&#038;s=emm_epmr_pte_nus_dpg&#038;f=w\">according<\/a> to the U.S. Energy Information Administration. Some experts <a href=\"https:\/\/www.foxbusiness.com\/energy\/bidens-energy-policies-contributing-to-gas-price-increases-gasbuddy-analyst\">say<\/a> the Biden administration&#8217;s energy policies, including <a href=\"https:\/\/www.npr.org\/sections\/president-biden-takes-office\/2021\/01\/27\/960941799\/biden-to-pause-oil-and-gas-leasing-on-public-lands-and-waters\">banning<\/a> new gas and oil leases on federal lands and <a href=\"https:\/\/apnews.com\/article\/joe-biden-alberta-2fbcce48372f5c29c3ae6f6f93907a6d\">blocking<\/a> the construction of the Keystone XL oil pipeline, are contributing to higher fuel prices.<\/p>\n<p>The White House\u00a0<a href=\"https:\/\/www.whitehouse.gov\/briefing-room\/statements-releases\/2021\/05\/10\/statement-by-press-secretary-jen-psaki-on-the-colonial-pipeline-incident\/\">said<\/a>\u00a0Monday that it is &#8220;monitoring&#8221; the fuel shortages.<\/p>\n<p>Shortages in other commodities, <a href=\"https:\/\/www.nytimes.com\/2021\/05\/03\/business\/economy\/commodity-shortages-inflation.html\">including<\/a> lumber, aluminum, and steel, have led to elevated prices for those goods, <a href=\"https:\/\/freebeacon.com\/columns\/milton-friedmans-revenge\/\">raising<\/a> concerns about inflation as President Joe Biden pushes for trillions of dollars in government spending.<\/p>\n<p>Soaring commodity prices are the latest sign of weakness for the U.S. economy after the Labor Department reported Friday that the unemployment rate <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-05-07\/softer-u-s-april-job-growth-indicates-challenges-to-recovery\">rose<\/a> to 6.1 percent in April. Businesses are struggling to hire workers after the Biden-backed $1.9 trillion COVID relief bill extended unemployment benefits that &#8220;pay more than most minimum-wage jobs,&#8221; <a href=\"https:\/\/freebeacon.com\/biden-administration\/unemployment-rate-rises-for-first-time-in-a-year\/\">according<\/a> to Reuters.<\/p>\n<p>In response to the jobs report, Biden on Monday <a href=\"https:\/\/www.whitehouse.gov\/briefing-room\/speeches-remarks\/2021\/05\/10\/remarks-by-president-biden-on-the-economy\/#:~:text=So%20let's%20be%20clear%3A%20Our,their%20jobs%20in%20this%20pandemic.\">said<\/a> his &#8220;economic plan is working&#8221; and that the unemployment numbers underscore the need for his $2 trillion American Jobs Plan.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The national average gas price hit a six-year high Tuesday amid shortages across the Southeast. The national average jumped up to $2.985, the highest price since November 2014, when it &#8230;<\/p>\n","protected":false},"author":1,"featured_media":2277840,"comment_status":"close","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/05\/Gas-station-scaled-e1620763570189.jpeg","fifu_image_alt":"Gas Prices Reach 6-Year High Amid Shortages","footnotes":""},"categories":[],"tags":[],"class_list":["post-497204","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"fifu_image_url":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/05\/Gas-station-scaled-e1620763570189.jpeg","fifu_image_alt":"Gas Prices Reach 6-Year High Amid Shortages","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/497204","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=497204"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/497204\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2277840"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=497204"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=497204"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=497204"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}