Cyanone: Gasoline prices in 10 US states reached $ 5 per gallon
The national average price of gasoline in the United States reached $ 4.87 per gallon (3.8 liters) on Monday, according to the American Automobile Association, CNN reported Monday. This figure is 25 cents more expensive than last week and 59 cents more expensive than last month.
CNN reported that the average price of gasoline in 10 US states is currently $ 5 per gallon (3.8 liters) or higher. Michigan and Indiana are the last states to pay $ 5 a gallon for gasoline. Gasoline prices in Washington, DC are also above $ 5.
According to CNN, New Jersey, Pennsylvania and Massachusetts are only a few cents away from this price. Georgia is the only US state with an average of less than $ 4.30 per gallon of gasoline.
Cyanon News Network predicts that the upward trend in gasoline prices in the United States will continue.
Gasoline prices have risen to unprecedented levels in the United States due to several factors, including strong demand for energy, according to the report. On the other hand, energy supply has not been able to meet demand.
The United States produces less oil than in the pre-Corona period, and the market shows that OPEC Plus has been slow to increase oil production.
US crude traded at $ 120.99 a barrel on Monday, hitting a three-month high.
Earlier, Fox News, a pro-Biden and pro-Biden media outlet, reported that since President Joe Biden took office in January 2021, the price per gallon of gasoline (3.8 liters) has been around. The country has more than doubled.
According to the American Automobile Association, on January 20, 2021, the average price of a gallon of gasoline across the United States was approximately $ 2.39. But on Saturday, the average price of a gallon of gasoline in the country rose to $ 4.81, which is five cents more expensive than on Friday.
The White House this week welcomed OPEC’s decision to increase oil supplies, while the US government used its strategic oil reserves and criticized US energy companies for not increasing production.
Republicans have used the unprecedented rise in gasoline prices and inflation as a reason to attack the Biden administration.
Patrick De Hahn, head of oil analysis at Gus Buddy, predicts that the national average price of gasoline in the country will soon reach $ 5 per gallon this month.
The White House has denied allegations that Biden’s policies were responsible for unprecedented inflation.
US President Joe Biden has also admitted that Americans do not care why gasoline prices have risen, they just want gas prices to fall.
According to IRNA, US President Joe Biden has tried in recent months to avoid the political consequences of rising gasoline prices, but rising energy prices have become a nightmare for his government.
The rise in gasoline prices in the United States comes amid EU efforts to impose sanctions on Russian oil over the Ukraine war, as well as amid unprecedented inflation in the United States.
At the same time as the war in Ukraine, the President of the United States is under a lot of pressure inside his country due to rising prices and historical inflation, and the dimensions of this economic crisis are increasing at every moment.