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CA average price for gallon of gas hits ‘record high’, fears of increase after sanctions against Russia

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On Tuesday President Joe Biden addressed the world, announcing sanctions against Russia. While he said his administration would try to keep gas prices from skyrocketing, Americans need to be “honest” about sacrifices.

“As we respond, my administration is using every tool at our disposal to protect American businesses and consumers from rising prices at the pump,” he said. “As I said last week, defending freedom will have costs for us as well, here at home. We need to be honest about that.”

The Los Angeles Times reports that gas prices are “higher than ever” and there doesn’t appear to be an end in sight as the U.S. and Russia begin to spar over Ukraine. According to the American Automobile Association, a gallon of regular gas across California hit a record high of $4.742 on Tuesday.

Tuesday’s average of $4.742 is 3 cents higher than just last week’s average, 10 cents higher than last month’s average, and well over the $3.573 average a year ago. According to the U.S. Energy Information Administration, Russia is the world’s third-largest producer of petroleum and other crude oil.

The threat of military conflict between Russia and Ukraine lead some to fear Russia will cut off natural gas exports after the sanctions imposed by the United States and Europe. The Los Angeles Times reports:

California doesn’t import any oil from Russia. As of 2020, the state brought in 24% of its oil from Ecuador, 23% from Saudi Arabia and 20% from Iraq, according to the California Energy Commission.

Still, the absence of a major exporter such as Russia would increase global demand for oil from other countries, which could affect the retail price in California. The state has become increasingly dependent on oil imports as it attempts to move away from fracking, making it increasingly vulnerable to external price swings.

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6 Comments

6 Comments

  1. Judee

    February 23, 2022 at 9:53 am

    Good distraction for this administration’s domestic problems. Blame everything on Russia problems now.

  2. Profx

    February 23, 2022 at 10:17 am

    Perhaps Russia can help us out by giving us more gas…
    Brandon has things under control.

  3. MikeinAZ

    February 23, 2022 at 12:29 pm

    Democrats and the environmental nuts are really excited about this news. The higher gas goes, the happier they’ll be because in their minds, Americans will drive less and we will be saving mother earth from a hoax.

  4. Frank

    February 23, 2022 at 1:43 pm

    All according to plan

  5. ken

    February 23, 2022 at 5:56 pm

    Thanks Joe

  6. EMG

    February 24, 2022 at 3:32 pm

    The Presidents comment “…we will try to keep prices…” is total b.s. All the President need do is reverse his vindictive actions re: Trump policies regarding energy and we would return to a self-reliant country for our own energy. He would not have to beg OPEC and others to step up their production either. Anything less and we just know the administration is lying to us with impunity. It’s time to consider a change.

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International

VIDEO: Russia Moving Missiles Towards Finland Border

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Putin has said in recent years that Finland is considered friendly so long as they do not join NATO. Finland’s President Sauli Niinistö confirmed Sunday he has applied for NATO membership.

MetroUK tweeted chilling video and reported the following:

Russia has started moving nuclear-capable missiles towards its border with Finland hours after Moscow vowed not to tolerate Helsinki’s plans to join Nato.

The Kremlin issued a chilling warning that plans for both Finland and Sweden to sign up to the Atlantic alliance were a ‘grave mistake with far reaching consequences’.

Russian deputy foreign minister, Sergei Ryabkov, said: ‘They should have no illusions that we will simply put up with it,’ and insisted ‘the general level of military tension will rise’.

The video was reportedly taken on a road leading to Vyborg, around 24 miles from the Finnish border, showing the deployment of mobile Iskander missiles.

“Seven launchers are thought to be en route according to commentary on a dash cam video broadcast by Russian media.”

A person on the video can be heard saying: ‘As soon as the president of Finland said they were joining Nato, a whole division of Iskanders, seven of them is moving towards Vyborg.

‘Looks like a new military unit is about to be formed in Vyborg or the region.’

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