Over the July 4th weekend, President Joe Biden bragged about hot dogs being $0.16 cheaper, which kicked off a firestorm of backlash.
Many cited rapidly rising costs across the board. General costs of living, and everything from simple household items to lumber, seems more expensive.
And let’s not forget the gas prices.
Those prices just hit a 7-year-high: the national gas price average is now $3.13, which is almost a full dollar more than July 4, 2020.
Many consumers are hoping the prices will fall soon.
But according to energy expert Patrick De Hann, don’t expect any relief this summer. And the bad news might not end there.
De Hann is the head of petroleum analysis at GasBuddy, and he expects gas prices to keep going up.
From The Blaze:
Speaking on Fox Business last week, De Hann said gas prices traditionally rise during the early summer, but decline by mid-August.
He said that will not happen in 2021.
De Hann says he doesn’t know if gas prices will fall back under $3/gallon in 2021. He thinks it’s possible, but not until fall.
He also says hurricane season could cause another problem, as gas prices might soar along with rising winds.
As for what’s causing this, De Hann was hesitant to say it’s due to Biden’s “go green” agenda.
However, he made it clear that if the gas prices don’t start to decline in the late summer, it’s pretty clear who’s to blame:
Down the road, absolutely, the Biden administration’s push to go green will probably have more of an impact.
Forbes contributor and oil expert David Blackmon was willing to go a step further, though.
He believes Biden’s policies are absolutely to blame right now:
Since last November 3, the average price per gallon of regular gasoline in the U.S. has skyrocketed by 75 cents.
The markets clearly see the Biden/Harris administration as one that will work to inhibit U.S. oil production, which will also have the effect of tightening the global market, and traders have responded by driving up the price of crude oil.
Many Americans have worried about the cost of gas prices from the moment Biden stepped into office.
While the country enjoyed very low gas prices (comparatively) during the Trump years, drivers have seen prices rise quickly under Biden.
Democrats will say the President is correctly pushing for “green” goals, including electric vehicles.
However, while that transition is happening, it won’t happen overnight. And in the meantime, it sounds like gas prices won’t get a lot lower.
Whether or not this hurts Biden in his bid for re-election remains to be seen.
Source: The Blaze