Price of Gas Since Jan 20th

Missoula MT

Description

Price of Gas Since Jan 20th (Missoula) If you haven't been keeping track of the price of gas going up since the inauguration on Jan 20th it has gone up $1.25 a gallon as of October 12, 2021. Which if you use 10 gallons a week and I'm sure that most of you use more than 10 gallons a week, that is $12.50 a week more than it was before Jan 20th and that comes out to at least $50 a month more that we are spending on gas now than we did before Jan 20th. We should all send Biden a thank you letter telling him how we really love spending our hard earned money on gasoline when we could be spending it on food and clothing and that we really appreciate how he is looking out for all of America. Why is it so hard to except the fact that the Biden administration has failed the American people and has done nothing good for us since the inauguration. If this post makes you mad, it should because we are paying for higher prices for everything because of the Biden administration and inflation is going up as well, and unemployment is going up after it was at an all time low before the Biden administration took over. Forbes said this about the price of gas going up: https://www.forbes.com/sites/davidblackmon/2021/03/25/gasoline-prices-are-high-and-going-higherheres-why/?sh=2d7e6b8332f0 First, why are prices at the pump so high in general? There are several factors at play here that all have had an impact since last November: The loosening of COVID restrictions globally in recent months has led to a rapid recovery in global demand for crude oil that has exceeded the expectations of all of the “experts” on the subject, leading to a tightening of global crude markets; Strong discipline among the OPEC+ nations related to their agreement to limit exports has also played a major role in tightening the relationship between global supply and demand; The U.S. election has also obviously played a big role here. Since last November 3, the average price per gallon of regular gasoline in the U.S. has skyrocketed by $1.25. The markets clearly see the Biden/Harris administration as one that will work to inhibit U.S. oil production, which will also have the effect of tightening the global market, and traders have responded by driving up the price of crude oil.