Gas prices in my area jumped 20 cents overnight to $3.99 per gallon. My area has the highest gas prices in the nation. Other states see prices reaching $4.50 per gallon at many stations. This is not an isolated incident.
This is a tenuous time for families that don’t live in major metro areas with taxpayer-subsidized public transportation. We have to get our kids to school, to baseball practice, to dance class, to piano practice, to church, and a whole host of things, and that’s not even considering the fuel spent to get to work and back. Budgets are being stretched, and the middle-class is getting hammered by Biden’s asinine energy policies.
But perhaps there’s some semblance of relief on the horizon? Brent Crude Oil (one of three key indicators that determine the world’s oil market) is suffering its worst single day drop in over a century. The oil price has fallen to $111 per barrel after it opened at $130/barrel. That’s a 13 percent decline that could at least indicate the market is stabilizing. The market rallied to $114 per barrel in the hour that passed, but these gains have now been retracted to $111 per barrel.
Record-breaking intraday drop in $ Brent pic.twitter.com/xMBtbkfcYX
— zerohedge (@zerohedge) March 9, 2022
I’m not making any grand predictions here. It is possible that the price will rise again tomorrow. It does appear that the shock from the Russian invasion has begun to fade. That doesn’t mean gas is going to go back to $2.50 a gallon anytime soon. Prices had already risen by more than 60% under Joe Biden prior to the invasion. We could still see price rises slowing down, and perhaps there will be a decrease sooner than expected.
However, Democrats should not be let off the hook by all of this. Even though gas prices are expected to drop slightly from pre-Ukraine Invasion levels, they will remain at record levels as summer driving season nears. Although this was avoidable in large part, we now have a president more dependent on a Swedish teenage than Americans’ suffering. Although relief would be welcomed at this time, the voters will never forget their origins.
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