Insidious inflation has driven fuel prices to historic highs in all 50 states with Arkansas having the lowest price for a gallon of regular gasoline averaging $4.12 on Memorial Day weekend.
During the President George W. Bush Administration in 2008, the historic high price of $4.10 per gallon of regular gasoline was registered.
Pain at the pump was experienced by an estimated 35 million drivers on U.S. roads during Memorial Day weekend, and those drivers in Calif. had to pay more per gallon of regular gasoline than in any other state, averaging $6.00 per gallon. A Chevron station in San Jose had one gallon of regular-priced at $6.47.
By Memorial Day weekend, the national average per gallon of regular gasoline had set a new all-time high at $4.64.
In Virginia, the average price for a gallon of regular gasoline was $4.44, 20 cents below the national average high and 32 cents above the average price in Arkansas.
Diesel fuel in Calif. has risen to $6.57 per gallon, contributing to spiraling inflation caused by the increase in the cost of moving consumer goods and vegetables by the way of diesel-powered trucks and trains.
Meanwhile, the World Economic Forum that convened in Davos, Switzerland from May 23-26 went on record by calling for a “greener grid.”
The policy advocated by the World Economic Forum that calls for the reduction of the human carbon footprint in an effort to combat climate change drew scrutiny by many observers who witnessed a great number of the 2,000 world leaders arriving by helicopters and in their private jets.
Reeling from the impact of COVID-19 and Russia’s unprovoked invasion of Ukraine, the U.S. continues to deal with record-breaking fuel and food prices while vast resources of coal, oil, and natural gas remain untapped in the U.S.
The blame game provides kabuki theatre with political factions at odds with one another, some blaming President Joe Biden’s energy policy changes such as pulling the plug on the Keystone Pipeline from being completed to some in the U.S. Congress who are blaming the fuel industry’s leaders for under-producing.
Others point to the fact that the U.S. was considered to be energy independent in that the nation was producing more energy and exporting more oil than it was importing oil before Jan. 20, 2021, when the national average price of a gallon of regular gasoline was $2.39 per gallon.
With the World Economic Forum urging world leaders to strive to create a “greener grid” while gasoline prices continue to soar, questions for Americans arise.
What is better for America?
To embrace the path recommended by globalists who are calling for the reduction of fossil fuel usage, or to embrace the path envisioned by nationalists who in America are calling for increased production of fossil fuel?
In the meantime, pain at the pump continues to be felt by motorists who drive from place to place, truckers who deliver goods, and farmers who rely on diesel fuel for their tractors.
The domino effect of higher fuel prices drives consumer prices higher the way the wind drives kites higher.