Fuel Frenzy: Gas Prices Surge 11% in 7 Days, Challenging Biden Administration
U.S. gas prices have spiked 11% in the past week, reaching a 18-month high of $3.32 per gallon. This puts increasing pressure on the Biden administration to address the rising costs.
Fuel Prices Skyrocket, Posing Challenges for Biden
The average price of a gallon of gasoline in the United States has jumped yet again, reaching $3.32 per gallon on Friday - the highest level in a year and a half. This represents an 11% increase in just one week, piling more pressure on the Biden administration to address the surging costs.
Factors Fueling the Price Hike
Experts attribute the sharp rise in gas prices to a combination of factors, including the ongoing global supply chain disruptions, the economic recovery from the pandemic, and geopolitical tensions. The recent cyberattack on a major fuel pipeline in the Southeast has also contributed to the price spike, as it temporarily disrupted fuel distribution in the region.
Source: The New York Times
