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Energy

“Hot oil summer: Soaring prices threaten consumers and Biden”

“…The big picture: Average gas prices are up 24 cents per gallon over the last month to $3.63, per AAA, and summer driving demand typically puts more upward pressure on costs.

  • Pump prices are directly visible to consumers, but higher fuel costs also make taming inflation harder.

Threat level: The Middle East crisis has already pushed up oil — and that’s without any real supply disruption.

  • They could soar if things escalate. All eyes are on Iran’s possible responses to Israel’s strike on an Iranian compound in Syria.

…”

https://www.axios.com/2024/04/12/crude-prices-inflation-gas

Middle eastern conflicts have little to do with our gas prices. US is one of the biggest producers of oil. Mainstream news is straight up lying to its readers.

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