(5-10-22) Gas prices continue to soar in Ohio and the US.
The National average price of a gallon of unleaded gasoline hit $4.374 a gallon this week, according to AAA. That’s the highest recorded price on record, topping the previous record of $4.33 set on March 11. Many states are well above the national average, especially California, where citizens are paying over a dollar more at $5.84 per gallon of regular.
Gas (89 octane) prices according to AAA-
Average price during the week of May 10, 2021 $2.859
From Gas Buddy for 2020 –
$1.98/gal on June 1 to $2.19/gal on July 31.
Today President Biden accused Republicans, who are currently the minority party in congress, of causing the high cost of gas-
Biden today talking on inflation said –
But let me explain why this choice is so important. Let me start — let me start with the Putin price hike: high gas prices and energy prices.
My plan is already in motion. I led the world and other countries to join with us to coordinate the largest release of oil from our stockpiles of all the countries in history — 240 million barrels to boost global supply.
Here at home, U.S. oil and gas production is approaching record levels. In fact, we produced more oil domestically in my first year in office than my predecessor did in his first year.
To further drive down prices, my administration is allowing the sta- — the sale of gasoline using homegrown biofuels — biofuels this summer, which wasn’t allowed before.
And to reduce our dependence on foreign oil and reckless autocrats like Putin, I’m working with Congress to pass landmark investments to help build a clean energy future as well — from tax credits for businesses to produce renewable energy to tax credits for families to make their homes more energy efficient.
Now, what’s the congressional Republican plan with respect to energy?
First of all, their plan is to give oil companies a free pass. For example, right now, oil companies are sitting on 9,000 unused leases — oil leases — which are the property of the federal government — on the property of the federal government.
Under my plan, they would have to pay taxes and — if they don’t use those leases to produce more oil. They just can’t sit on it.
Unlike — under the Republican plan, they’d be allowed to continue to sit on this land without producing while shipping record profits back to their investors.
The fact is the average cost of a barrel of oil has been steady for weeks. So — so why do gas prices keep going up so high?
Republicans have offered plenty of blame but not a single solution to actually bring down the energy prices.