National Average Gas Prices Soar to Highest Levels Since Obama
Price for a gallon of gas had soared to $3.008
The national average price of gasoline per gallon has risen to its highest level not seen since the Obama era, according to reports.
The surge is predicted to continue.
The American Automobile Association reported:
“On the week, the national gas price average jumped six cents to $2.96."
“If the trend continues, an increase of three more cents would make the national average the most expensive since November 2014."
"The last time we saw average prices at $2.99 and higher."
But the national average price for a gallon of gas skyrocketed to $3.008 by Wednesday.
The figures show that gas is at its highest point in six and a half years.
Neon Nettle reported that thousands of gas stations ran out of fuel earlier this week amid the impacts of the cyber attack on Colonial Pipeline.
Colonial Pipeline is a private company that controlled the United States' largest pipeline.
“This shutdown will have implications on both gasoline supply and prices, but the impact will vary regionally,” said Jeanette McGee, AAA spokesperson.
“Areas including Mississippi, Tennessee, and the east coast from Georgia into Delaware are most likely to experience limited fuel availability and price increases, as early as this week.
"These states may see prices increase three to seven cents this week.”
“The crunch is in the areas that are affected by the pipeline, the main spurs of the pipeline,” Energy Secretary Jennifer Granholm said.
“So that really is the Southeast. It’s about 70% of the supplies of North Carolina, South Carolina, Tennessee, Georgia, and especially Southern Virginia are impacted the most."
"And so those are the areas that we have the greatest concerns with. And because of the fact that there’s not a whole lot of other supply."
"Now, this particular pipeline also supplies other states, but there are other pipelines that supply their states as well.”
The Biden administration attempted to alleviate some of the challenges by issuing temporary waivers and other measures.
The news comes as some have likened Joe Biden to former President Jimmy Carter due to the crisis with fuel and jobs.