Check Out Gas Prices Just Down The Street From Obama’s White House
It is spreading. First Los Angeles. Now Washington DC. Your neighborhood may be next. They warned us. By Memorial Day it will be everywhere.
Taken at a gas station within walking distance of the White House:
Via the Weekly Standard
As I previously reported, Los Angeles was the first city to have Gas rise above $5.00 and this photo take in Washington D.C.
Meanwhile, nationwide gas prices shot up 30 cents over the last four weeks with the nationwide average getting ever close to $4.00.
The average price of a gallon of self-serve regular is now $3.81 across the US with Los Angeles having the highest average gas price at $4.35 a gallon
Just about two weeks ago, I reported on Gasoline prices spiking due to tensions with Iran after Iran began cutting oil supplies to European countries.
Gas prices in the U.K. skyrocket to $9.00 a gallon as Iran cuts oil shipments to Greece in response to western sanctions
As oil prices skyrocket ahead of Memorial day, in the face of what now appears to be an inevitable war with Iran by the end of the year, Iran has cut oil shipments to Greece after following similar moves last week to cut oil to France and the UK.
Despite repeated reassurances by western politicians and media outlets that Iran acting to cut oil supplies in the face of western sanctions would not affect oil prices, global oil prices refuse to following that scripted narrative
Gas prices in the U.S. spiked toward all time highs following last weeks cuts from Iran with Los Angeles becoming the first city to break the $5.00 a gallon mark with WTI Crude closing on the 24th at $109.77 per barrel and Brent spot prices at $126.65.
That represents an upward move of nearly 15% surge NY crude oil prices in just a short three weeks since its intraday low of $95.81 on February 2nd.
Now CNN is reporting that over the last 4 weeks the average price of gas nationwide has rose over 30 cents putting on pace to be over $4.00 a gallon by early April.
According to the report, the average price of gasoline nationwide is now $3.81 with Denver coming in with the lowest average at $3.36. Los Angeles, where some gas stations are already charging over $5.00 a gallon, came in with the highest average of $4.35.
Average gas prices in other cities came in at Boston, $3.78 — Philadelphia, $3.76 — Atlanta, $3.72 — Chicago, $4.08 — Indianapolis, $3.77 — Houston, $3.66 — Las Vegas, $3.77 — Seattle, $4.00.