Prices for everything continue to rise under the ‘leadership’ of President Joe Biden, including — and especially — oil and gas prices.
While they had already been climbing steadily for months, prices at the pump really spiked this week after Russian President Vladimir Putin seized on the weakness of the current administration and launched his long-planned invasion of neighboring Ukraine.
And San Francisco, already known for skyrocketing crime, homelessness, and real estate prices, now has the dubious honor of becoming the first city where gas prices have surged past the $5-a-gallon mark.
The Daily Wire reported:
Oil prices hit $115 a barrel on Friday, raising gas prices across the country yet again as the Russia-Ukraine conflict continues to affect Americans filling up at the pump.
The latest increase saw San Francisco, California, become the first U.S. state to record gas prices higher than $5 a gallon, according to Fox Business. While San Francisco is seeing more than $5 a gallon, the state average for a gallon of regular gasoline in California is $4.94, a marked increase over the national average of $3.728.
“It’s been quite ugly as gas prices rise nationally, but nowhere has the pain been more significant than California, where prices have breached the $5 gallon mark,” Patrick De Haan, head of petroleum analysis for GasBuddy, told the outlet late last week.
De Haan noted further that based on the current situation in Ukraine and the trajectory of oil prices, San Francisco’s gas prices would hit $5.35 per gallon by the end of March.
Fox Business also reported that “the United States and other major governments agreed to release 60 million barrels of crude from stockpiles to stabilize supplies, but it failed to calm anxiety over Russia’s attack on Ukraine as oil prices still rose.”
De Haan said he isn’t impressed with the release of crude from the strategic stockpile — which shouldn’t be done anyway because it’s a strategic stockpile specifically for national security emergencies.
He noted that the loss of 10 million barrels a day of oil production “can’t be offset by meager releases of oil.”
“It would likely need to be more like 100-200 million barrels to have much effect,” he told Fox Business.
More absurdity: The U.S. is continuing to buy oil from Russia while simultaneously sanctioning Putin’s government, which makes no sense given that American consumers are supplying the Russian leader with tens of billions per month to finance his war effort.
Also buffoonish: Transportation Secretary Pete “Have I Got A Supply Chain Crisis for You” Buttigieg and some other Democrats have suggested enriching another tyrannical regime — Iran — with oil purchases.
“Look, the president has said that all options are on the table,” Buttigieg told MSNBC hack Stephanie Ruhle. “But we also need to make sure we’re not galloping after permanent solutions to immediate short-term problems.”
Rep. Claudia Tenney (R-NY) responded to Buttigieg’s response by calling it “a word salad of bureaucratic BS,” adding that the “left wing in Washington is doubling down on energy illiteracy instead of learning more about real energy security solutions.”
Neither of these ‘policies’ would be necessary if Biden hadn’t reversed nearly all of former President Donald Trump’s pro-America energy policies after making our country energy independent for the first time in decades.