Politics

National gas price average reaches yet another record high this week at $4.62 per gallon

The national gas price average hit yet another record high this week, reaching a whopping $4.62 per gallon on Monday. The average price of a gallon of gas is up significantly from last year’s Memorial Day weekend, when it was $3.06.

Gas prices are up worldwide, but American families are being hit hard as the cost of groceries, utilities, and house prices rise steadily. The White House has been left scrambling to address the rising cost of living as the November midterms approach, with Treasury Secretary Janet Yellen telling CNN’s Wolf Blitzer on Monday that the administration couldn’t have predicted COVID variants or Russia’s invasion of Ukraine and their effect on inflation.

Soaring gas prices do not seem to be hampering lockdown-weary Americans, as summer travel plans are being made and 34,9 million people plan road trips for the summer months, up 4.6 percent from this time last year, according to AAA.

Americans are unlikely to save any money by using air travel, however, as the price of jet fuel is reaching record highs as well. Rising demand due to the surge in summer travel is now, and will continue to increase gas prices amid a global fuel shortage.

The average price per gallon has risen 44 cents since a month ago. Energy Secretary Jennifer Granholm said in an interview this weekend that President Joe Biden is very concerned with gas prices and their effect on American families. “He’s obsessed with the fact that gas prices are so high and people are hurting,” Granholm said, adding that presidents do not control gas prices.

ARTICLE: LAURA SPIVAK

MANAGING EDITOR: CARSON CHOATE

PHOTO CREDITS: WWLP.COM

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Laura is a freelance writer out of Maryland and a mom of three. Her background is in political science and international relations, and she has been doing political writing and editing for 17 years. Laura has also written parenting pieces for the Today Show and is currently working on writing a collection of remarkable true stories about normal people. She writes for FBA because unbiased news is vital to unity, and readers deserve the facts free of opinion.

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