Gas prices are soaring across the country and a Los Angeles gas station sold fuel for almost $6 per gallon.
The Mobil station across from the Beverly Center shopping mall, near Beverly Hills and West Hollywood sold regular unleaded gasoline for $5.29 a gallon and super plus for $5.99 per gallon.
Gas prices have climbed since Biden took office after he canceled the Keystone XL pipeline and suspended new oil and gas activity on federal lands. Biden abandoned President Trump’s energy independence policy that kept oil prices down.
We all better buckle up too because it’s about to get even worse.
Prices are about to increase.
IEA’s Birol’s warns of ‘upward pressure’ on oil prices if OPEC sticks to output plan #oott https://t.co/X2zEFrNaAE
— Giovanni Staunovo🛢 (@staunovo) June 1, 2021
Demand is also up in the United States meaning things at the pump are about to get even more pricey.
U.S. CRUDE OIL FUTURES RISE BY OVER $2 TO $68.38 PER BARREL
— *Walter Bloomberg (@DeItaone) June 1, 2021
The increase comes as Americans are itching to get out after the pandemic.
BREAKING: According to Pay with GasBuddy data, Monday US gasoline demand rose 7.2% from the prior Monday, and was up 6.2% from the average of the last four Mondays. Total Memorial Day demand (Fri-Mon) was up 40.5% from 2020.
— Patrick De Haan ⛽️📊 (@GasBuddyGuy) June 1, 2021
OPEC did agree to raise production a bit however there was little indication that the increase will ease price increases.
FULL STORY: In what must be the shortest ever OPEC+ meeting (about 25 minutes long!), the alliance led by Saudi Arabia and Russia agreed to stick to its plan, and go ahead with the monthly oil output increase for July (after hikes for May and June) | #OOTT https://t.co/zJd2alm0gY
— Javier Blas (@JavierBlas) June 1, 2021
Don’t worry though, 7-Eleven is installing EV charging stations for all of us that can afford almost $100,000 electric cars (sarcasm). Oh, and the price of those fancy Tesla cars just went up too because of “supply chain” issues, it’s the fifth price increase in just a few months (#Bidenflation).
Moving lumbar was removed only in front passenger seat of 3/Y (obv not there in rear seats). Logs showed almost no usage. Not worth cost/mass for everyone when almost never used.
Prices increasing due to major supply chain price pressure industry-wide. Raw materials especially.
— Elon Musk (@elonmusk) May 31, 2021