Gas Prices Average over $4 a Gallon in Every State for First Time

Photo: AP [via New York Post]

The Facts

  • Gas prices in the US hit a record high this week when the average cost at the pumps topped $4 a gallon in all 50 states for the first time ever.

  • According to the American Automobile Association, Kansas, Oklahoma, and Georgia were the last US states to see prices rise above the $4 margin on Mon., while prices hit $6 a gallon in California and over $5 in five other states.


The Spin

Democratic narrative

The spike in gas prices is a direct result of Russia's war on Ukraine, the ramp-up of sanctions on Russian oil, and continuing supply recovery problems following the pandemic. There's little that Biden could have done to prevent such a price hike; gas prices are not only rising in the US but across the western world.

Republican narrative

Though Russia's war in Ukraine has disrupted global petroleum markets, Biden has made things worse by implementing anti-fossil fuel policies since the beginning of his presidency. He has failed to properly address this crisis, and he even canceled an oil and gas lease sale for over 1M acres in Alaska last week, citing a "lack of industry interest."

Nerd narrative

There's a 50% chance that the price of oil will be at least $91 per barrel by December 2022, according to the Metaculus prediction community.


Political split

LEFT

RIGHT

More neutral political stance articles

Sign up to our daily newsletter