Average price of Gas Surpasses $5 a gallon for first time in U.S. History
New milestone comes as Americans struggle with inflation, sour on Democrat policies heading into midterm elections.
Average U.S. gas prices crossed a once unthinkable threshold on Saturday, surpassing $5 a gallon for the first time in U.S. history to further pinch Americans reeling from the impacts of soaring inflation.
The auto club AAA announced the new milestone as evidence emerged across the country that rising fuel prices on President Biden‘s watch were becoming a political liability for Democrats heading into the midterm elections and altering Americans summer plans.
Polling showed a majority of voters now blame Democrat policies for the soaring fuel prices and were altering life plans from travel to retirement.
Rasmussen Reports said it’s latest national survey found that 57% of Americans say the rising price of gasoline has affected their summer vacation plans.
Republicans immediately pounced on the new milestone, seeking to tie it to Biden’s climate change policies.
“Biden promised to eliminate oil and natural gas, now families are paying the price for his anti-American energy agenda,” the Republican National Committee tweeted. “Biden’s solution? Force Americans to drive less or buy an expensive electric vehicle.”
Energy Secretary Jennifer Granholm tried to sound a more positive note, acknowledging the next few months we’re going to be difficult but that gas prices could drop in the fall.
“There will be some relief on the horizon, but during the summer driving season, it is going to be rough, no doubt about it because we have such a demand and supply mismatch on the global market for oil,” she said.
But Alfredo Ortiz, president of the small business group Job Creators Network, said rising gas and food prices were altering behavior in a long-term way, forcing Americans to borrow money just to keep afloat and changing the arc of the economy.
”People are now starting to borrow on their credit card to live everyday life. This is a big concern, because disposable income is just not going to be there,” he told the Just the News,Not Noise television show Friday night.
(TLB) published this article with permission of John Solomon at Just the News. Click Here to read about the staff at Just the News
Emphasis added by (TLB) editors
Header featured image (edited) credit: Gas tank/money/Original article from Just the News
Stay tuned to …
The Liberty Beacon Project is now expanding at a near exponential rate, and for this we are grateful and excited! But we must also be practical. For 7 years we have not asked for any donations, and have built this project with our own funds as we grew. We are now experiencing ever increasing growing pains due to the large number of websites and projects we represent. So we have just installed donation buttons on our websites and ask that you consider this when you visit them. Nothing is too small. We thank you for all your support and your considerations … (TLB)
Comment Policy: As a privately owned web site, we reserve the right to remove comments that contain spam, advertising, vulgarity, threats of violence, racism, or personal/abusive attacks on other users. This also applies to trolling, the use of more than one alias, or just intentional mischief. Enforcement of this policy is at the discretion of this websites administrators. Repeat offenders may be blocked or permanently banned without prior warning.
Disclaimer: TLB websites contain copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available to our readers under the provisions of “fair use” in an effort to advance a better understanding of political, health, economic and social issues. The material on this site is distributed without profit to those who have expressed a prior interest in receiving it for research and educational purposes. If you wish to use copyrighted material for purposes other than “fair use” you must request permission from the copyright owner.
Disclaimer: The information and opinions shared are for informational purposes only including, but not limited to, text, graphics, images and other material are not intended as medical advice or instruction. Nothing mentioned is intended to be a substitute for professional medical advice, diagnosis or treatment.