Independent presidential candidate Robert F. Kennedy Jr. has advocated for increasing gas prices to force a market shift towards electric vehicles. Kennedy argues that ending subsidies for oil companies and forcing them to cover costs related to oil production would lead to gasoline costing its “true price” of up to $22 per gallon. Critics argue that such a policy would disproportionately burden low-income and middle-class Americans, who rely heavily on gasoline-powered vehicles.
Rep. Alexandria Ocasio-Cortez has warned that gas prices would rise if former President Trump wins re-election. She alleges that Trump would enable foreign energy producers to “price gouge”. This comes amid ongoing concerns about high gas prices, with AAA reporting an over 50% increase since Biden’s inauguration. The national average for a gallon of gas is currently around $3.62, down from its peak of over $5 in June 2022. Despite this, inflation remains persistent, with prices climbing 3.5% year-over-year in March. The White House recently announced the release of over 1 million barrels of gasoline from the Northeast Gasoline Supply Reserve to help lower prices at the pump. Ocasio-Cortez’s comments also come as Trump prepares to hold a rally near her district.
A House Committee on Oversight and Responsibility report has highlighted the shortcomings of the Biden administration’s energy policies, claiming that they have led to higher gas prices, an unstable electrical grid, and confusion about new cars and appliances. The report emphasizes the administration’s aim to increase electrification while simultaneously hindering the growth potential of power producers, resulting in expensive regulatory hurdles and increased costs for consumers and businesses.
A California gas station in Menlo Park made headlines for charging $7.29 per gallon for regular unleaded, sparking attention online. However, this price appears to be an outlier, with other nearby stations averaging around $5.50 per gallon. California remains the only state with an average gas price above $5 per gallon, currently at $5.41 per gallon, significantly higher than the national average of $3.66 per gallon. The high prices are attributed to various factors, including the ongoing conflicts in the Middle East and Ukraine. Experts predict price fluctuations in the coming weeks due to seasonal demand and international events.
A Chevron gas station in Menlo Park, California, drew attention for charging $7.29 per gallon for regular unleaded, but this price is an outlier. Other gas stations in the area were averaging around $5.50 per gallon. California is the only state with an average gas price above $5 per gallon, with a current average of $5.41 per gallon. Nationally, the average gas price has increased by 13 cents in the past month, due to factors such as the war in Ukraine and the Middle East. However, AAA expects price fluctuations in the coming weeks due to seasonal changes in gasoline demand.
If you’re looking for a vehicle that’s going to cost you a lot to fill up, Consumer Reports has put together a list of the most expensive vehicles to fill up. The list includes large SUVs and pickup trucks, with the Toyota Tundra coming in at the top of the list with a 32.2-gallon fuel tank and an estimated cost to fill up of $118. Other vehicles on the list include the Ford Expedition, Chevrolet Suburban, Nissan Armada, Infiniti QX80, Nissan Titan, Ram 1500, Cadillac Escalade, Chevrolet Silverado, and Chevrolet Tahoe.
Menlo Park Chevron gas station in California’s Bay Area has set its regular unleaded gas price at $7.29 a gallon, exceeding the federal minimum wage of $7.25 per hour. California’s minimum wage is significantly higher at $16.00 per hour, while the statewide average gasoline price is $5.43 per gallon, well above the national average of $3.68. The White House is monitoring the rising gas prices and has stated its commitment to ensuring affordability for American families during the summer driving season.
As the price of gas continues to rise nationwide, drivers in Menlo Park, California, are facing exorbitant prices, with regular unleaded reaching a staggering $7.29 per gallon. This price, which would equate to over $100 to fill up a 15-gallon tank, has left many X users and residents alike appalled. The high gas prices in California, which average $5.44 per gallon, are contributing to stubbornly high inflation, as data from the Bureau of Labor Statistics shows that more than half of the increase in the Consumer Price Index for March can be attributed to gasoline and shelter. While some social media users argue that the Menlo Park gas station prices are not as outrageous as they seem, given the $16-plus-per-hour minimum wage in the area, others maintain that the prices are unacceptable.
Gasoline prices in Cleveland have increased by 21 cents per gallon over the past week, reaching an average of $3.64 on Monday. However, analysts anticipate that the rapid surge in fuel costs may soon stabilize.
Gas prices in British Columbia’s Lower Mainland have experienced a significant drop in recent days, with prices now sitting at 203.9 cents per liter. This decline is attributed to a combination of factors, including a decrease in oil prices and increased refinery production in the region. Despite the current relief, experts warn that gas prices may remain volatile in the coming months as the summer driving season approaches.
