Average gas price in the US hits record
high of $4.589 as JPMorgan says to expect
national average to hit $6 by the end
of summer
Daily Mail (UK),
by
Alex Hammer
Original Article
Posted By: Imright,
5/19/2022 12:02:16 PM
Gas prices in the US reached a new record high Thursday - recording a national average of $4.589 per gallon - with analysts at JPMorgan now warning that that number could surpass the $6 mark by the end of the summer.'There is a real risk the price could reach $6+ a gallon by August,' Natasha Kaneva, head of global oil and commodities research at the prominent investment bank, told CNN Tuesday. The concerning forecast comes as US gas prices have surged to previously unseen highs during Joe Biden's presidency.The nation's current average gasoline price, $4.58-a-gallon, stands as nearly double the $2.41 average seen during
Reply 1 - Posted by:
john56 5/19/2022 12:13:04 PM (No. 1160056)
Read something yesterday that there are gas stations that are preparing to reset their pumps so that they can have prices of gasoline greater than $9.999 per gallon. Spoke with a customer yesterday who paid over $6.50 a gallon for diesel yesterday. I was complaining that it was $3.999 for unleaded at Costco. And there was a long, long line.
5 people like this.
Reply 2 - Posted by:
daisey 5/19/2022 12:17:37 PM (No. 1160059)
There are no acceptable words that can express my disgust for this administration. Just please everyone remember that they do not care about this inflation, or the baby formula shortage, or anything that affects the average American citizen. Worst president and worst administration in our nation’s history.
26 people like this.
Reply 3 - Posted by:
Wetenschapper 5/19/2022 12:21:08 PM (No. 1160061)
Better brace yourselves for far worse. The Biden regime has explicitly stated that they want European-like fuel prices in the US. I just checked current prices, and 95 octane is now averaging €2.00 a liter through most of Europe, which is the equivalent of $8.00 per US gallon. The Biden clownshow isn't going to be content until Americans are all driving battery-powered clown cars.
13 people like this.
Reply 4 - Posted by:
marbles 5/19/2022 12:36:10 PM (No. 1160076)
Of course it's going to get worse. That's the plan. Unaffordable fuel and by extension food and everything else. Pleading for the govt for help , they take over, like they've just done with baby formula. They'll set prices, takeover distribution.
10 people like this.
Reply 5 - Posted by:
Mizz Fixxit 5/19/2022 12:43:28 PM (No. 1160084)
Biden is demented and unfiltered. He says anything displayed on the teleprompter, and does what he’s told. Thus, Biden is an ideal puppet. Behind the scenes, Obamas and Valarie Jarrett are in command. This administration is Obama unconstrained.
14 people like this.
Reply 6 - Posted by:
Sanchin 5/19/2022 12:45:23 PM (No. 1160085)
It is doubtful that words or debate will solve any of the problems we as a nation are facing #2. It is equally uncertain that the coming election will solve any of the problems America is facing because 1) the legitimacy of the election itself is seriously in doubt 2) even if the GOP takes back one or both houses, the current GOP leadership is happy to sacrifice 90% of the population to the ravages of war, inflation, and shortages. Higher gas prices, higher food prices, higher inflation, and higher taxes are the future of this country. And please, Biden is simply the frontman for an anti-American Bolshevik cabal that wants war and wishes to control the world regardless of how many people must die in the process.
9 people like this.
Reply 7 - Posted by:
Trump Won 5/19/2022 12:46:29 PM (No. 1160088)
Do the Dems not realize this is going to destroy them in November? They are hurting their core constituency, the low information voter, who is going to vote their pocketbook in the midterms.
5 people like this.
Reply 8 - Posted by:
Tom Paine 5/19/2022 12:48:38 PM (No. 1160090)
It amazes me how Anti-American the Democrats and the Rinos are. It appears they want America to fall apart. The Democrats have no shame in keeping a President who has dementia in office. November 2022
will be the start of getting rid of the trash.
10 people like this.
Reply 9 - Posted by:
UncleBuck 5/19/2022 12:49:48 PM (No. 1160091)
"I want you to look at my eyes. I guarantee you. I guarantee you. We're going to end fossil fuel."
---Joe Biden, New Castle, NH, 9/06/19
9 people like this.
Reply 10 - Posted by:
marbles 5/19/2022 1:17:54 PM (No. 1160112)
# 8 Rinos, dems, deep state, the swamp ,......love of America? No , love of themselves. They believe it's their right to rule, not govern. For them it's always about money and power. Taking down the USA is no big deal to them. Trump was about love of country which is why they hate him and us.
5 people like this.
Reply 11 - Posted by:
NorthernDog 5/19/2022 1:21:03 PM (No. 1160113)
A woman in our area posted a picture on-line of her $101 gas cost. Some libs scolded her for waiting until the tank was almost empty to buy gas. If she filled up twice/week they reasoned, it would only cost half as much. How can you reason with such people?
10 people like this.
Reply 12 - Posted by:
planetgeo 5/19/2022 1:21:14 PM (No. 1160114)
So in other words, Obama's promise that prices will "necessarily skyrocket" as a result of his transformation dreams for America have now become Mission Accomplished under Puppet President Biden...his surrogate.
4 people like this.
Reply 13 - Posted by:
bighambone 5/19/2022 1:48:08 PM (No. 1160133)
With the widely popular socialist Democrat “Green New Deal” bumping up gas prices to historic highs, the Democrats and their media propagandists, who believe that the average American is stupid, will tell you that Biden and the Democrats will win big again after the November election results are counted. Remember it’s not the number of Americans who legally vote that counts, it is the people who actually tabulate the votes that count big-time!
5 people like this.
Reply 14 - Posted by:
DVC 5/19/2022 1:49:50 PM (No. 1160134)
I filled up for $3.869 about an hour ago here in a Kansas side suburb of KC.
So close to $4.
And the Dems and ecocrazies want it to be $9 or 10 or more. They hate you, and especially hate your car or truck.
6 people like this.
Reply 15 - Posted by:
jeffkinnh 5/19/2022 1:54:16 PM (No. 1160138)
In 16 months Brandon has DOUBLED gas prices. They started 2021 at $2.25 per gallon. If they hit $6.75 by the end of the year they will have TRIPLED.
Why isn't this an IMPEACHABLE offense? There was no reason to do what Brandon did with gas policy. He is crippling the US economy.
A commentary on impeachment: "... the meaning of high crimes and misdemeanors is informed not by judicial decisions, but by the history of congressional impeachments. Impeachment has been used to remove government officers who abuse the power of the office; conduct themselves in a manner incompatible with the purpose and function of their office"
I think that tripling gas prices qualifies as "conduct themselves in a manner incompatible with the purpose and function of their office". And Brandon doesn't even understand the damage he is doing. A very rough estimate of gasoline usage per driver per year is about $1500. Tripling that cost is an additional cost of $3000 per driver, $6000 for a two person household. Even more for a household with a couple of young drivers. This doesn't consider the added energy cost in products for their manufacture and transportation. Or heating oil. It is insane.
And Biden is treating it as an "inconvenience" that Putin, in his piddling war with Ukraine has caused and is begging socialist enemies of the US for oil that we could be producing ourselves if Joe had not SHUT IT ALL DOWN.
Remember that progressives WANTED $6/gal gas. They didn't care what the damage done would be by those prices.
ASAP, impeach this moron. Also any members of his cabinet who have support this curse on America. (Yes, they can be impeached as well.)
9 people like this.
Reply 16 - Posted by:
Trump'sCousin 5/19/2022 1:54:35 PM (No. 1160139)
Oh well! Thank a demoncrap ftard today.
4 people like this.
Reply 17 - Posted by:
Trump'sCousin 5/19/2022 1:57:38 PM (No. 1160142)
Poster 1...
Until demoncraps of every variety are being rounded up an made an example of with severe punishment....it will continue.
Complaining does no good. I do it every day.
There are public servants in positions in this nation who could actually do something about it.
So far nothing.
5 people like this.
Reply 18 - Posted by:
rytwng 5/19/2022 2:00:21 PM (No. 1160144)
Why does Joke Biden want poor black people to pay so much for gas? He must be a racist.
5 people like this.
Reply 19 - Posted by:
blueline 5/19/2022 2:26:42 PM (No. 1160168)
Yer killin' us Brandon!
5 people like this.
Reply 20 - Posted by:
qr4j 5/19/2022 2:29:55 PM (No. 1160169)
$4.89/gallon in Champaign, Illinois, at 7:25 a.m. today. I'm sure it will be $5.00/gallon by Memorial Day. That isn't terribly far from $6.00 and the summer has yet to start.
6 people like this.
Gas prices in the SF Bay Area are almost $7 already.
Heard some progs discussing this on the radio. The debate was how high the gas price must go ($10 or $12) to get us peasants into electric vehicles or riding those Petri-dishes-on-wheels they call buses.
5 people like this.
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