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U.S. Gas Prices hit 14-Year High

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AAA reported that the average U.S. gas prices have reached $4.009 per gallon on Sunday, the highest since July 17 of 2008 when gas prices hit a record $4.114 per gallon.

In just the past week, average prices soared 11 percent. Gas was an average of $3.604 one week ago and just $2.760 one year ago. Prices are highest in California, where the average price is $5.288.

In Los Angeles and San Francisco, average gas prices have reached $5 for regular fuel, while some stations are reportedly selling premium gas for more than $7 a gallon.

Hawaii has the second highest prices at $4.695, followed by Nevada and Oregon with averages of $4.526 and $4.466.

Patrick De Haan, head of petroleum analysis for GasBuddy, tweeted over the weekend “To make it implicitly clear, this is the cost of bipartisan sanctions on Russia for their war on Ukraine.”

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De Haan also told USA Today that more cities are likely to see prices hit $5 a gallon in the coming weeks. He said prices soaring to an average of $4 a gallon “was unlikely to have happened without Russian action.”

GasBuddy also predicts a national average price of $4.25 by Memorial Day. “Seasonal factors including increased demand for gas, refinery maintenance and the switch to summer blend gas, on top of current geopolitical tensions, could propel prices upward of $4.25 per gallon by Memorial Day,” GasBuddy said in a statement.

Last week, the International Energy Agency (IEA) announced its 31 member countries coordinated to release crude oil to help counter rising prices. President Biden announced that the U.S. would give 30 million barrels from America’s Strategic Petroleum Reserve to “help blunt gas prices here at home.”

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1 Comment

  1. Donald huffman

    March 7, 2022 at 10:02 pm

    Well hell it was on its way to 4.00 before the Ukraine invasion Energy policy is driving the price not the war Rather its supply or psychological. Thinking

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Trump: Tanks to Ukraine could escalate to use of ‘NUKES’

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Former President Donald Trump stated bluntly on Truth Social,  “FIRST COME THE TANKS, THEN COME THE NUKES. Get this crazy war ended, NOW. So easy to do!”

Trump was referring to the escalation of war in Ukraine. He, like many other commentators and lawmakers, are warning that the decision to continue sending weapons – and now tanks – could potentially lead to the use of “nuclear weapons.”

It’s mission creep and it’s dangerous, they say.

Why? Because Russian President Valdimir Putin has indicated in two different speeches that he would use nuclear weapons to defend Russia, if needed. Those warnings are not just bluster but a very real possibility.

And the escalation of war is visible.

Russia launched 55 missiles strikes across Ukraine Thursday, leaving 11 dead. The strikes come one day after the United States and Germany agreed to send tanks to Ukraine in an effort to aide the country. 47 of the 55 missiles were shot down according to Ukraine’s Air Force command.

Eleven lives were lost and another 11 were injured additionally leaving 35 buildings damaged in the wake of the attacks. According to The New York Times, Denys Shmyhal, said in a post on Telegram. “The main goal is energy facilities, providing Ukrainians with light and heat,” he said.

Ukraine is now demanding that they need F-16 fighter jets. In a post on twitter Ukrainian lawmaker, Oleksiy Goncharenko said, “Missiles again over Ukraine. We need F16.”

The US has abstained from sending advanced jets in the chances that a volatile decision could foster more dangerous attacks like former President Trump’s post on Truth referred to. If the US did authorize the decision to lend Ukraine the F-16 jets Netherlands’ foreign minister, Wopke Hoekstra, would be willing to supply them. According to The New York Times, Hoekstra told Dutch lawmakers, “We are open-minded… There are no taboos.”

F-16 fighter jets are complex to work on, they are not the average aircraft that can be learned in a matter of weeks. It can take months for pilots to learn how to fly these birds. European and US officials have the concern that Ukrainian forces could potentially use the jets to fly into Russian airspace and launch attacks on Russian soil.

Western allies are trying to avoid such a provocation, because that could lead to nuclear warfare in reference to what Putin has said he would do to defend his country.

 

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