NEW BIDEN RECORD: The Average U.S. Gas Price Just Passed $4.50 per Gallon
Gas prices for diesel and regular unleaded reached new records on Tuesday as they continue an upward trajectory before Memorial Day, hitting unseen highs near daily.
According to AAA’s gas price tracker, the average cost for a gallon of regular is running at $4.52 nationwide, and diesel at $5.57. Gas prices are highest in California, where residents are now paying an average of more than $6 per gallon statewide. Kansas residents are seeing the cheapest gas at $4 per gallon.
The record-breaking prices will soon cause ripple effects across the economy, with spikes in transportation and manufacturing costs being passed onto consumers who are already battling record inflation. According to the Department of Labor, April’s inflation numbers revealed the highest year-over-year increase in four decades, rising 8.3 percent last month compared to the same time last year.
Despite the rising prices upending the nation’s pandemic recovery, President Joe Biden has only doubled down on his anti-American-energy agenda with cancellations of new oil and gas leases to keep domestic production low. Data from the Department of Commerce published in April revealed that the U.S. economy experienced negative GDP growth in the first quarter, potentially marking the first stages of a recession after GDP remained positive since mid-2020. (Read more from “NEW BIDEN RECORD: The Average U.S. Gas Price Just Passed $4.50 per Gallon” HERE)
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