• Latest
  • Trending
  • All
  • News
  • Business
  • Lifestyle
Analysis Explains Why Gas Prices Are on the Rise Again

Analysis Explains Why Gas Prices Are on the Rise Again

January 25, 2023
EXCLUSIVE: Small Biz Chief Pledges Zero Tolerance For Fraud After Biden Mission Drift

EXCLUSIVE: Small Biz Chief Pledges Zero Tolerance For Fraud After Biden Mission Drift

June 14, 2025
EXCLUSIVE: VA Will Save ‘Literally Millions Of Dollars’ By Scrapping Sex Changes, Sec Says

EXCLUSIVE: VA Will Save ‘Literally Millions Of Dollars’ By Scrapping Sex Changes, Sec Says

June 14, 2025
Authorities Identify Suspect In Assassination Of Minnesota Lawmaker

Authorities Identify Suspect In Assassination Of Minnesota Lawmaker

June 14, 2025
SEN. STEVE DAINES AND REP. STEVE WOMACK: Congress Should Be Able To Ban Flag Burning

SEN. STEVE DAINES AND REP. STEVE WOMACK: Congress Should Be Able To Ban Flag Burning

June 14, 2025
EXCLUSIVE: Thune Says Trump Nominees Are Being Confirmed At Rapid Pace Despite ‘Historic’ Obstruction

EXCLUSIVE: Thune Says Trump Nominees Are Being Confirmed At Rapid Pace Despite ‘Historic’ Obstruction

June 14, 2025
Democratic State Lawmaker, Husband Killed In ‘Politically-Motivated Assassination’

Democratic State Lawmaker, Husband Killed In ‘Politically-Motivated Assassination’

June 14, 2025
CASEY RYAN: Accreditors Wield Power To End DEI In Schools

CASEY RYAN: Accreditors Wield Power To End DEI In Schools

June 14, 2025
How NYC’s Little-Understood Voting System Could Lead To A Socialist Mayor

How NYC’s Little-Understood Voting System Could Lead To A Socialist Mayor

June 14, 2025
DAVID BLACKMON: Trump Ends Newsom’s Terrible Week By Killing His EV Mandate

DAVID BLACKMON: Trump Ends Newsom’s Terrible Week By Killing His EV Mandate

June 14, 2025
EXCLUSIVE: VA Sec Says Days Of Unions, Contractors Owning His Agency Are Over

EXCLUSIVE: VA Sec Says Days Of Unions, Contractors Owning His Agency Are Over

June 13, 2025
LA News Outlet Caught In Lie That ICE Targeted Pregnant Woman. It Really Went After Her Illegal Husband.

LA News Outlet Caught In Lie That ICE Targeted Pregnant Woman. It Really Went After Her Illegal Husband.

June 13, 2025
‘My Blood Is Boiling’: Dem Strategist Melts Down Over Alex Padilla Getting Booted From Noem Presser

‘My Blood Is Boiling’: Dem Strategist Melts Down Over Alex Padilla Getting Booted From Noem Presser

June 13, 2025
  • Donald Trump
  • State of the Union
  • Elon Musk
  • Tariffs
  • Congress
  • Faith
  • Immigration
Saturday, June 14, 2025
  • Login
IJR
  • Politics
  • US News
  • Commentary
  • World News
  • Faith
  • Latest Polls
No Result
View All Result
IJR
No Result
View All Result
Home News

Analysis Explains Why Gas Prices Are on the Rise Again

by Savannah Rychcik
January 25, 2023
in News
247 5
0
Analysis Explains Why Gas Prices Are on the Rise Again

NEW YORK, NEW YORK - OCTOBER 19: Gas prices are seen at a Mobil gas station on Coney Island Avenue on October 19, 2022 in the Flatbush neighborhood of Brooklyn borough in New York City. President Joe Biden announced the sale of an additional 15 million barrels from the Strategic Petroleum Reserve. The announcement was made three weeks before the Midterm Elections and the move is expected to meet the administrations goal of releasing 180 million barrels from the Strategic Petroleum Reserve to counter the rising gas prices due to Russia's invasion of Ukraine. (Michael M. Santiago/Getty Images)

491
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

Gas prices are on the rise again and an analysis is explaining why that is.

Earlier this week, AAA published an analysis pointing out drivers appear to be traveling more amid the milder weather.

Due to the demand for gas and slightly more expensive oil, the national average for a gallon of gas has risen by 12 cents since last week, reaching the total of $3.42, according to AAA.

“The recent rising temperatures led to rising pump prices,” Andrew Gross, AAA spokesperson, said.

He added, “And with the cost of oil hitting $80 a barrel, there is a lot of upward pressure on gas prices at the moment.”

The analysis mentioned data from the Energy Information Administration showing demand for fuel increased from 7.56 million to 8.05 million b/d last week.

The national average today of $3.42 is a 33 cent-increase from more than a month ago and 10 cents more than in 2022, per AAA.

Still, the Biden administration appears to be touting lower gas prices.

White House Press Secretary Karine Jean-Pierre drew backlash after suggesting “House Republicans are using their narrow majority to force the American people to pay higher gas prices, just as big oil companies are amassing record profits.”

President Joe Biden similarly made Twitter users angry by writing, “Gas prices are down around $1.60 a gallon from their peak this summer – and my Administration will keep working to lower costs for American families.”

Gas prices are down around $1.60 a gallon from their peak this summer – and my Administration will keep working to lower costs for American families.

— President Biden (@POTUS) January 23, 2023

Republicans received more criticism on Tuesday as Democrats on the House Energy and Natural Resources committees slammed their bill to limit releases from the Strategic Petroleum Reserve.

“There are too many contingencies in the world today, whether it’s war, supply chain problems [or] natural disasters to irrationally tie the hands of our commander in chief,” Rep. Kathy Castor (D-Fla.), said.

She added, “This Republican bill also would open up areas to drilling and pollution that should be off limits.”

House Energy and Commerce Committee ranking member Rep. Frank Pallone Jr. (D-N.J.) called it “hypocritical because releasing oil from this probe has been done by presidents of both parties for decades. I’ve been here for 30 years, and they’ve done it on both sides.”

He added, “So Republicans had no problems with it when they went there.”

The Biden administration previously announced a release of 1 million barrels a day after Russia’s invasion of Ukraine led to an increase in gas prices.

Tags: Gas PricesU.S. News
Share196Tweet123
Savannah Rychcik

Savannah Rychcik

IJR, Writer

Advertisements

Top Stories June 10th
Top Stories June 7th
Top Stories June 6th
Top Stories June 3rd
Top Stories May 30th
Top Stories May 29th
Top Stories May 24th
Top Stories May 23rd
Top Stories May 21st
Top Stories May 17th

Join Over 6M Subscribers

We’re organizing an online community to elevate trusted voices on all sides so that you can be fully informed.





IJR

    Copyright © 2024 IJR

Trusted Voices On All Sides

  • About Us
  • GDPR Privacy Policy
  • Terms of Service
  • Editorial Standards & Corrections Policy
  • Subscribe to IJR

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Politics
  • US News
  • Commentary
  • World News
  • Faith
  • Latest Polls

    Copyright © 2024 IJR

Top Stories June 10th Top Stories June 7th Top Stories June 6th Top Stories June 3rd Top Stories May 30th Top Stories May 29th Top Stories May 24th Top Stories May 23rd Top Stories May 21st Top Stories May 17th