Premium Only Content

Go To The Gas Station Now And Hoard Fuel Because Prices Will Hit Sky Highs In The Coming Weeks -- Epic Economist
Millions of American motorists are feeling pain at the pump again. Have you noticed how rapidly prices are rising lately? If you want to avoid having a major headache over the next few months, you should definitely start stocking up on fuel while prices are still relatively low because that won't last much longer, according to market analysts and the Energy Information Administration. A seasonal spike is about to hit the U.S. gas market, and prices are already climbing at the fastest pace since 2023, new data reveals.
Earlier this week, the AAA reported that the prospects of a $3 national average seem very distant now that oil prices and, consequently, gasoline prices have started to steadily rise.
As of today, the national average gas price stands at $3.32 per gallon, up almost $0.17 cents from a week ago. After a bit of a relief in January, experts said that falling gasoline prices have bottomed out. New numbers released on the U.S. Energy Information Administration's latest fuel update showed that millions of drivers across the country are now paying some of the highest prices for gas in nearly three months.
The update outlined that the price of U.S. regular gasoline was $3.065 per gallon on January 29, marking an almost $0.30 increase over the past month alone. From now on, Americans will start noticing a major acceleration on pump costs, Gas Buddy head of petroleum analysis Patrick De Haan said during an interview on Tuesday.
For four straight weeks, the nation's average has gone up, per GasBuddy data compiled from more than 12 million individual price reports covering 150,000 gas stations across the country.
In essence, less investment translates into less supply, which translates into higher prices. Lower productions levels can have the same effect. It’s just basic economics that when the government squeezes the supply in an industry, that will lead to higher prices both now and in the future. The White House was warned by many critics at the time that this would happen, but it proceeded anyway.
As a result, in 2024, we will all have to deal with the consequences of our government's actions. This means, paying more for fuels and all transported goods.
So if I were you, I wouldn't miss this window of opportunity to stock up on gasoline while prices haven't spiked yet because this is as low as they will get for a while.
Video source: https://www.youtube.com/watch?v=MYqM7Nx9UI4
-
6:29:40
SpartakusLIVE
10 hours ago#1 Massive MEAT-HEAD can't stop WINNING, can't stop FLEXING
73K -
5:09:25
Drew Hernandez
11 hours agoGIDEON AI THREAT DETECTION SOFTWARE PUSH & NEW EPSTEIN EMAIL LEAK?
39.1K23 -
2:03:51
TimcastIRL
7 hours agoTrans Minneapolis Shooter BLAMED Massacre On Mom & Gender Transition | Timcast IRL
176K310 -
47:29
Man in America
14 hours agoIT DOESN'T ADD UP: The Trans Shooter's Story Is FULL of Holes
47.3K51 -
3:59:36
StevieTLIVE
7 hours agoFriday Night Warzone HYPE
38.3K1 -
3:47:10
SynthTrax & DJ Cheezus Livestreams
1 day agoFriday Night Synthwave 80s 90s Electronica and more DJ MIX Livestream Michael Jackson / AI Art Compilation Edition
46K1 -
1:03:57
Sarah Westall
7 hours agoMara Lago Accord Joins the Fed, Fed Waves the White Flag & more w/ Andy Schectman
30K -
2:44:12
I_Came_With_Fire_Podcast
1 day ago*BREAKING* Special Guest Katarina Szulc
38.3K6 -
3:22:20
megimu32
7 hours agoOFF THE SUBJECT: FAFO Friday! Bodycams & Mario Kart Mayhem!
25.7K4 -
55:36
Flyover Conservatives
1 day ago4 Strategies to Create Opportunity from Nothing - Clay Clark | FOC Show
30.1K