Gasoline prices in the US are now slightly lower than they were last year, and that’s a good thing.
Diesel, on the other hand, has risen substantially. This is hitting truck drivers, farmers, heavy vehicle operators and homeowners who use heating oil. Diesel is expensive because the U.S. has cut oil supplies, which means President Biden’s energy policy is flawed, Fox Business host Stuart Varney emphasizes.
The price of gasoline is lower now than it was a year ago. The national average price of regular petrol is $3.32, down from $3.34 in December 2021. Yes, it’s only slightly lower now – but still lower. What’s more, in Wisconsin, Missouri, Kansas, Tennessee, Alabama, Mississippi, Arkansas, Louisiana, Texas and Oklahoma you can fill your tank cheaper than $3 a gallon. These ten states are said to have two operators with regular gasoline. This way you have more money in your pockets just before Christmas, it helps to reduce inflation and the need to fill up your tank is less of a burden when you don’t have to spend as much money to do it. There is, however, some not so good news.
Diesel is still stubbornly more expensive than last year. It costs $5 a gallon now and in December 2021 it cost $3.62, a whopping $1.38 increase in price. So truck drivers, farmers, heavy vehicle operators – it’s hitting them all, as well as homeowners using heating oil, which is essentially the same as diesel.
No matter what the president says about oil company profits or overpricing at petrol stations, the price you pay for energy depends on supply and demand. So just think how much you would be paying now if we hadn’t cut oil supplies and shut down pipelines two years ago. Gasoline prices may have come down, but the president’s energy policy remains flawed.
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