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Apr 15, 2024 · Gas prices are averaging close to $5.46 a gallon in California and at or topping four bucks a gallon in six states, including Alaska, Arizona, Hawaii, Nevada, Oregon and Washington, according to ...
Mar 29, 2024 · Over the past six years, excluding a pandemic-related anomaly in 2020, gas prices in the U.S. have risen an average of nearly 50 cents between Jan. 1 and late March, de Haan said.
- Max Zahn
Aug 18, 2023 · Americans face more sticker shock at the pump as gas prices hit 10-month high. Here's why. Gas prices have been climbing again, hitting the highest level since October 2022, according to motor ...
- The Claim: Joe Biden Is to Blame For Higher Gas Prices
- Pandemic's Effect on Supply and Demand
- Gas Price Uptrend Predates Biden
- Keystone XL, Other Biden Policies Don't Affect Today’S Gasoline Costs
- Our Rating: False
- Our Fact-Check Sources
The rising cost of gasoline is being felt across the U.S., as the national average price has gone up from $2 per gallon last year to $3 per gallon as of June 9, according to data from the American Automobile Association. Many on social media claim President Joe Biden is to blame for this change. A June 1 Instagram postput the title "Joe Biden's Ame...
As with any commodity, the price of gasoline is determined by the simple balance of supply and demand: a high supply and low demand means low prices, while a low supply and high demand mean prices rise. The most important driver of this fluctuation is crude oil, from which gasoline is derived. This fossil fuel typically accounts for between 50% and...
While presidential actions and policies can have some impact on the crude oil market, they don't have as much influence over gasoline prices as one might think. "Some of (a president's) decisions can impact or contribute to market changes, which can then impact (future) crude oil, but they don't dictate gas prices," said McGee. "If you go back and ...
Many critics point to Biden's decision on the Keystone XL pipeline as fueling the gas price spike, but experts say there's no such connection. The extension of the Keystone pipeline, first proposed in 2008 by TC Energy based in Calgary, Canada, was rejected by former President Barack Obama in November 2015 but later approved by Trump in March 2017 ...
Based on our research, we rate FALSE the claim President Joe Biden is to blame for the current higher gas prices. The upward trend in gas costs we see now began months before Biden took office. Because of reduced demand amid the COVID-19 pandemic, oil companies had to cut back on the amount of crude oil produced. Now with restrictions being lifted ...
American Automobile Association, accessed June 9, National Average Gas PricesJeanette McGee, June 9, Phone interview with USA TODAYU.S. Energy Information Administration, Jan. 5, Crude oil prices briefly traded below $0 in spring 2020 but have since been mostly flatApr 8, 2024 · Gas prices in the U.S. surged this week to a six-month high, with drivers paying roughly $3.60 per gallon at the pump, as high oil prices, refinery maintenance and international turbulence in the ...
- Brian Bushard
Nov 25, 2021 · Advertisement. Americans are once again feeling pain at the gas pump, and it's because of a classic clash between rising demand and constrained supply. An October report from AAA found that gas ...
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May 27, 2021 · Prices for lumber, gas, wheat, coal and corn were sharply higher in April 2021, about three months after Joe Biden became president, than they were in April 2020. The main reason is the nation’s ...
