Insanity: Some Gas Pumps Are Being Reprogrammed Because They Were Not Equipped To Manage These Prices

By Rachel Morris | Sunday, 22 May 2022 02:15
9
3.4K

A national gas station chain is revisioning its pumps in Washington state to accommodate $10-a-gallon fuel.

The move by 76 comes as the nation’s average gasoline price soars to $4.57-a-gallon, almost twice the $2.41 average during Trump’s last month in office.

A spokesperson for “76” gas stations confirmed that the national chain has begun shifting its pumps to “make room” for the possibility of double-digit prices, The Post Millennial reported.

The spokesperson for “76” did not reveal whether the company expects prices to reach $10.00-a-gallon, The Post Millennial said.

Meanwhile, other gas stations in the state have begun running out of gas as supplies become crunched, with reports saying at least 10 stations have run dry.

 TEXAS'S AG LAUNCHES NEW PROBE INTO OPIOID CRISISbell_image

The shortages mainly affect regular unleaded and premium gasoline, though diesel reserves are also rapidly declining.

Meanwhile, some states - such as California - are reporting spiraling prices of up to $5.98 this week.

 IN DC YOU CAN LEGALLY CREATE YOUR OWN MEDICAL MARIJUANA LICENSEbell_image

Russia’s war in Ukraine is dramatically impacting the cost of crude oil - which sits at $114.20 a barrel.

The outlet also reported that a local Facebook group had identified at least 10 Washington gas stations that have run out of fuel, including Exxon and Circle K stations.

In January 2021, the last month of Donald Trump’s presidency, gas prices across the nation averaged $2.41-a-gallon, with some states charging averages under $2-a-gallon.

 WATCH: JOE ROGAN WARMS UP TO DESANTIS-2024bell_image

Those prices have steadily increased since Biden was elected in November 2020, inflating after Russia invaded Ukraine earlier this year. Gas prices are up by at least 27 percent from the day before Russia began its invasion.

The war in Ukraine coupled with growing inflation of 8.3 percent is the main culprit why drivers are spending more than $100 to fill up a full tank of regular unleaded gas in nearly a third of the country.

 HOPE & PRAYERS: CAN LEE ZELDIN TURN 'TRUE BLUE' NEW YORK RED? MOST ANALYSTS SAY YESbell_image

“Everything is pointing toward even higher prices. We are well on our way toward $5,” Andy Lipow, President of Lipow Oil Associates, told CNN, with prices almost sure to rise higher by Memorial Day, perhaps as high as $4.75 a gallon.

AAA is reporting an average of above $5 a gallon in California, Washington, Nevada, and Hawaii, with Oregon not far behind.

The average price of gas a year ago was $3.04 a gallon. Prices were recovering from the pandemic when stay-at-home orders and business shutdowns slashed demand for gasoline.

A lack of supply resulted in a gas shortage last summer, sending U.S. gas prices to a seven-year high.

MEMES


FLIPBOOKS