Analysts expect U.S. gasoline prices to rise in 2022 reaching as high as $4 per gallon by spring in many locations across the nation.
“Americans all over the country have been paying higher prices at the pump. And if Omicron doesn't result in another round of widespread lockdowns or crackdowns on social gatherings, we can expect to see record-high gas prices nearing $4 a gallon in dozens of states this year,” Tom Kloza, global head of energy analysis at the Oil Price Information Service claims in a recent opinion piece.
GasBuddy predicts the average price of a gallon of gasoline is expected to reach a high of $4.13 in June.
A Biden White House that took a swipe at American energy independence on Joe’s first day in office by cancelling the permits for the Keystone XL pipeline will likely find itself under more pressure on energy issues.
The average household will see their annual gasoline spending rise to $2,341, according to GasBuddy. It's the highest tally since 2014.
Related: ‘MOOT’: Judge Tosses 23-State Legal Challenge To Biden Authority In Revoking Keystone Permits
Joe Biden shows just how his administration is fixing the supply chain crisis. pic.twitter.com/OwoiY8PlLC
— MRCTV (@mrctv) January 12, 2022