Gasoline prices hurting consumers
April 14, 2022
Consumers are seeing record high prices for gasoline since Russia invaded Ukraine. But is that good cause to open more public lands to drilling for oil and gas? The answer depends on who you ask.
The national average price for gasoline at the pump went from $3.60 before the invasion to $4.32 per gallon in March, according to the U.S. Energy Information Administration. The nation’s highest prices, at $5.76 per gallon, are in California – more than twice the national pre-pandemic average of $2.20 – and the lowest, around $3.70, are in the midwest, according to the auto club AAA. (Sales taxes and proximity to refineries drive regional price variations.)
Those kinds of prices hurt consumers. Every increase in gas prices is money that can’t go to other household expenses such as food, housing, and health care.