The average price of gas in America has now shot up past $4/gallon, the most since 2008, as US and European sanctions continue to take a toll on the world energy market.
As The Daily Wire reports:
The national average price for gas has jumped to $4 per gallon for the first time since 2008 as prices continue to worsen during Democrat President Joe Biden’s administration.
“As of Sunday afternoon, the national average of a regular gallon of gas was $4.009, according to AAA,” USA Today reported. “That’s up 8 cents from Saturday and up 40 cents from last week. The U.S. hit the $4 national average a day earlier than analysts expected.”
Patrick De Haan, head of petroleum analysis at fuel-savings app GasBuddy, said in a tweet on Sunday that gas prices were approaching an all-time high.
“We are currently at a 7 day rise in #gasprices of 43.7c/gal,” he tweeted. “If we surpass 49.0c/gal ago, we will be at the highest ever 7 day rise in average price.”
We are currently at a 7 day rise in #gasprices of 43.7c/gal. If we surpass 49.0c/gal ago, we will be at the highest ever 7 day rise in average price.
— Patrick De Haan ⛽️📊 (@GasBuddyGuy) March 6, 2022
The numbers are expected to go up even further, with some traders predicting $200/barrel oil prices in the coming months.