Nationwide Gas Prices Top $3.50, Spiking More than 45% Under Joe Biden Wendell Husebø 4 Apr 2024
The nationwide average price for regular gas topped $3.54 a gallon, a spike of more than 45 percent under President Joe Biden, AAA reported Wednesday.
In the past month, gas prices rose 20 cents ($3.34), about one dollar more expensive ($2.38) than when Trump left office.
Gas prices remain high and could go higher due to industry and political factors. Biden’s economic war on American energy independence during instability in the Middle East and in Ukraine are significant factors.
According to Goldman Sachs, gas prices could reach $4 by May.
“A number of factors driving oil prices higher. So you have the expectation that OPEC+ is going to carry on with their production cuts. There’s also been rising tensions in the Middle East. That has also been sending prices higher,” Yahoo News’ Ines Ferre reported Wednesday.
Consumers are feeling the pitch of the increased cost.
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