Sorry, Biden. Hate to piss on your bomb fire, but gas prices are heading back to $4 per gallon – at least that’s what one leading industry expert claims.
GasBuddy warned American consumers on Tuesday that gas prices under the Biden administration could return to $4 a gallon as early as May 2023.
According to Breitbart, the national average price of gas on Tuesday was $3.10, up about 70 cents since former President Donald Trump left office in 2021, according to AAA. In some parts of the nation, gas prices soared to over $7.00 in 2022.
Experts estimated the soaring price of fuel cost American workers an extra $5,520 in 2022. A Heritage Foundation study shows Americans have lost $4,200 in annual income since Biden assumed office.
“2023 is not going to be a cakewalk for motorists. It could be expensive,” GasBuddy’s head of petroleum analysis, Patrick De Haan, told CNN. “The national average could breach $4 a gallon as early as May — and that’s something that could last through much of the summer driving season.”
In recent months, gas prices declined from a $7.00 high earlier this year in part to a slowing economy and Biden’s decision to drain the Petroleum Strategic Reserve to a 40-year low.
In the last two years, the Biden administration has succeeded in driving up private and public financing costs of oil drilling, halting drilling on public lands, and canceling the Keystone pipeline. Biden’s 2020 presidential campaign promised to reduce oil drilling.
