the price and availability of gas is explored in this article;

As of June 16, the national average price for a gallon of gas was $5.009. The national average price for a gallon of diesel was $5.718. Unless we’ve lived in Europe, we haven’t seen gas prices like this before. What’s going on? Will it stay this way?

Pointing the finger

Biden keeps referring to the “Putin Price Hike.” After Russia invaded Ukraine in February, the White House banned Russian imports of coal, oil, and natural gas. Biden cut off trade, but he’s trying to blame Putin for the mess.

Sen. Elizabeth Warren blames corporate greed. While it’s true that ExxonMobil, for example, posted a record profit for the second quarter of 2022 at $25.79 billion, this comes on top of losing $20 billion back in 2020. “Corporate greed” doesn’t explain that.

Truthfully, a variety of poor policies have led to the current gasoline prices. To try and make sense of what’s going on, we can look at the four most significant factors that go into determining the price of a gallon of gasoline.

The four factors that impact gas prices:...........more..........