Gas Prices Climb For 50th Straight Day- A Record

Gas prices continued to rise for a record 50th straight day today.
My Way reported:

Retail gas prices climbed for the 50th straight day Wednesday, and crude prices that had slumped all week bounced back.

Historically, filling station prices tend to rise during the summer as millions of Americans take to the road. But a surge in crude prices during the past few months and less production from the refiners that make gasoline has added pressure on prices.

“Refiners slowed production and did a lot of maintenance on the expectation that this was going to be a lousy year for demand,” said Fred Rozell, retail pricing director at Oil Price Information Service. “It turns out it wasn’t so bad.”

Yet it’s still pretty bad. Before the most recent government report on demand, gasoline supplied to the market was down 3 percent, and prices have still been cheaper than they were three years ago.

Bob McCarty reported that gas prices will approach $5 per gallon by next year.
…But, democrats refuse to allow America to tap into our own resources.

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Jim Hoft is the founder and editor of The Gateway Pundit, one of the top conservative news outlets in America. Jim was awarded the Reed Irvine Accuracy in Media Award in 2013 and is the proud recipient of the Breitbart Award for Excellence in Online Journalism from the Americans for Prosperity Foundation in May 2016. In 2023, The Gateway Pundit received the Most Trusted Print Media Award at the American Liberty Awards.

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