Have you heard that the median price for a gallon of gasoline is currently under $3.00 per gallon? Probably not since no one is talking about it.
Current Gas Price:
Top 5 most common #Gas Price All are now under $3 a gallon in the United States.
Most common: $2.99
2nd Place: $2.89
3rd Place: $2.69
4th place: $2.79
5th place: $2.59
The current US median is $2.92
— Patrick DeHaan ⛽️📊 (@GasBuddyGuy) December 27, 2022
Gasoline demand increased before Christmas, but prices continue to fall, according to AAA. These figures were published on December 22, 2022. Gas demand rose from 8.26 million b/d to 8.71 million b/d last week, according to new data from the Energy Information Administration (EIA). However, the current rate is nearly 300,000 b/d lower than he was at the end of December 2021. Meanwhile, total gasoline inventories in the country increased by 2.5 million bbl to he 223.6 million bbl. Increased supply and weaker demand for gasoline are driving down pump prices. With demand still low and inventories rising, drivers are likely to see pump prices continue to fall into next year.”
The last sentence is important. Gas prices will continue to fall until he 2023. Republicans criticized Biden for opening up strategic reserves to help fuel and gas prices, but now reserves are being replenished, demand is still lower than before, domestic gasoline stocks are growing doing.
White House Chief of Staff Ron Klein tweeted following the price drop:
Over half of US gas pumps are $2.92 or less. https://t.co/8IZqw2xVTM
— Ronald Klein (@WHCOS) December 27, 2022
Corporate media don’t care when the news is good. For months, the media claimed that gas prices would lead to the political demise of Biden and the Democratic Party, but that never happened.
Even Christmas failed to trigger a spike in gas prices. The bomb cyclone storm that ravaged his 60% of the country certainly helped keep demand down, but in post-pandemic America, many people are used to traveling less often, and people are less likely to travel. The time has come when we are held hostage by fossil fuels. The industry has taken a hit.
Jason is the editor-in-chief. He is also a White House press pool and a congressional correspondent for PoliticusUSA. Jason has a BA in Political Science. His graduate work focused on public policy with a specialization in the social reform movement.
Awards and Professional Membership
Member of the Association of Professional Journalists and the American Political Science Association