Last Updated on March 8, 2022
Gas prices nationwide have reached an all-time high, with the national average at $4.17 a gallon for the first time in American history. Prices in some cities are even approaching $7, with motorists in Los Angeles reporting costs as high as $6.99 a gallon.
According to AAA, the new national average shatters 2008’s record price of $4.11 for a gallon of gas. Motorists nationwide have reported massive day to day price jumps, with prices moving dozens of cents in very short periods, and have even reported seeing the price increase while waiting in extremely long lines to gas up.
Fuel market analysts warn that the prices show no signs of slowing down, and that the pain at the pump will continue to get much, much worse.
“It’s a dire situation and won’t improve any time soon,” GasBusdy’s Patrick De Haan told Fox News. “The high prices are likely to stick around for not days or weeks, like they did in 2008, but months. GasBuddy now expects the yearly national average to rise to its highest ever recorded.”
As recently as 2019, America was designated as a net energy exporter, meaning that under 45th President Trump, America produced enough fuel to be energy independent, and even to sell the leftovers to the rest of the world.
Now, under Joe Biden, American pipelines and drilling operations have been shuttered, bringing America’s energy independence to a grinding halt. Alongside the price of gas, inflation has steadily increased, hitting workers and families straight in the pocketbook. Combined with supply chain issues caused by COVID lockdowns, the situation has created one of the worst consumer economies in American history and families are increasingly shopping in grocery stores whose bare shelves resemble those of the Soviet Union.
As National File previously reported, average gas prices in California have already eclipsed $5 a gallon, sending a warning shot to the rest of the nation of things to come.
