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This week’s R&D from Prepd covers high gas prices. Gas prices in the United States reached a new record high on Tuesday, prompting calls for a response by the Biden administration. Higher prices could exacerbate the country’s inflation problem, providing greater hardship for working class Americans. Experts expect that gas prices will remain near or above $4 a gallon until the end of the year.
Gas prices are soaring across the U.S.
How high could gas prices go?
Analysts say it’s not hard to see fuel costs reaching $5 a gallon on averageRead more at https://t.co/e0RhSGDAQ2
— Los Angeles Times (@latimes) March 10, 2022
Breaking News: U.S. prices rose 7.9% in the year through February, a new 40-year high for inflation, as gas, food and rent all grew more expensive.https://t.co/9aEmlwgbbC
— The New York Times (@nytimes) March 10, 2022
A growing number of governors and state lawmakers across the U.S. are calling for the suspension of gas taxes to provide relief to motorists from record high prices. https://t.co/DUAQW3J41w
— The Seattle Times (@seattletimes) March 10, 2022
As gas prices skyrocket, politicians in both parties have called for a seemingly easy solution: Drill our way out of the problem.
But here’s why record-high gas prices won’t be solved by drilling more oil in the US. https://t.co/62RJp7nNn1
— CNN (@CNN) March 10, 2022
‘It’s not worth it’: rising gas prices force drivers to work for less than minimum wage https://t.co/zb5BxbxToV
— Guardian news (@guardiannews) March 10, 2022
🔴 White House and Congress under pressure to support federal gas tax holidayhttps://t.co/ZmSyuCxBXq
— The Independent (@Independent) March 10, 2022
After banning Russian oil, Democrats are praying voters will be reasonable about higher gas prices. https://t.co/4LUet3l3M4
— Slate (@Slate) March 10, 2022
Gas prices are hitting new highs. Here’s why — and how long the surge could last.https://t.co/J9Tp278NKx
— The Washington Post (@washingtonpost) March 9, 2022
Fact check: Republicans are asserting that President Biden’s policies are responsible for the pain at the pump. But the primary reason for rising gas prices over the past year is the coronavirus pandemic and its disruptions to global supply and demand. https://t.co/STVlaKSnRE
— NYT Politics (@nytpolitics) March 10, 2022
The recent release of two American detainees from Venezuela is a sign of a potential thaw in tensions.
It also comes as the White House, which banned imports of Russian oil, looks for ways to take the edge off record gas prices. https://t.co/9KvpTvIlZU
— NPR Politics (@nprpolitics) March 10, 2022