Gasoline prices, which have dipped slightly, are expected to soar again soon, according to energy experts.
The national average is projected to rise to $4.20 a gallon and perhaps higher.
In the middle of April, the national average price topped $4. That happened even though Georgia, Maryland and Connecticut suspended state gasoline taxes in a vain effort to help consumers.
Impending price hikes have erased those savings.
Part of the problem is that OPEC officials claim they cannot replace the complete loss of Russian oil in the marketplace due their invasion of Ukraine. The European Union is contemplating a complete ban of imports of Russian oil and natural gasoline.
In 2021, Russia supplied more than four million barrels of oil a day to Europe and 700,000 barrels of oil to the United States. This is outrageous and is due to President Biden’s war on American energy.
Biden is more to blame for high gas prices in America than Russia. Prices skyrocketed here before Russia invaded.
If the U.S and Europe ban Russian oil, that takes five million barrels of oil a day out of circulation and that would be impossible to quickly replace. Plus, trouble with ports in Libya due to protests is putting the squeeze on oil supplies.
Joe Biden has a choice. He can stop his war on oil and natural gas or face inflationary fuel prices that will cost him control of the House and Senate in the mid-term elections in November.