In our tight nit community of wealth-minded driven individuals we talk about living by the numbers, recently I thought hey let\u2019s apply that to everything our politicians say. For instance we hear President Joe Biden say that the cause for high gas prices in the US today is Russia Russia Russia, so that must mean there\u2019s 3 actual causes for this increase in prices at the pump let\u2019s see if Russia is even one of them. Take all personal feelings, preconceived notions, and rhetoric out of the equation and let\u2019s just look at the numbers. Today as I write this July 7, 2022 the national average price for a gallon of gas is $4.77 per gallon. This is an increase of $1.64 per gallon from same time last year. So when did the prices actually began to take these drastic changes? 2021 we actually experienced record breaking gas prices.<\/p>\n\n\n\n
To start off the 2021 year America was at a national average gas price of $2.25 per gallon, does anyone remember those days? And by Christmas that same year we had record setting gas prices<\/p>\n\n\n\n
Prices began their historic rise in March of 2021 as the first catalyst was reported to be the demand as Covid-19 restrictions began to ease, and more Americans began traveling again.<\/p>\n\n\n\n
Then again in May we saw the national average price for gas rise over $3 per gallon, note that this was the first time since 2014 this had happened. Specifically May 7th 2021 we saw another major gas price increase, the reported catalyst this time was the Colonial Pipeline Cyber Attack. The Colonial pipeline originates in Houston Texas and carries gasoline supply to much of the Southeastern United States. With the pipeline offline, many retailers faced gas shortages, which incidentally cause a price hike.<\/p>\n\n\n\n
As August rolled around gas prices seemed as if they were tapering off then came October, San Francisco set a new all time record for the highest gas price in the United States, at $4,75 per gallon. (Mind you the previous record was set 3,300 days prior nearly 10 years in California at $4.73 a gallon. These price rolled over into November and December as the year began to come to a close and most Americans were celebrating their Christmas holiday, the Oil Cartel was busy setting more records, as Christmas day 2021gas prices across the nation were $3.26 per gallon highest ever recorded on a Christmas day.<\/p>\n\n\n\n
On October 28, 2021 Congress attempted nothing short of political theatre while going toe to toe with the Oil Company Magnets, many democrats argued that oil prices were increasing due to Corporate greed at this time, mind you no mention of Russia, as the month of October open with a national average gas price of $3.19 per gallon, literally upon close of the month or shall we say a couple days after the hearing, gas price averages across the nation were $3.39 per gallon. This was a whole $.20 per gallon in one months time a nearly 10% increase in prices. Coupled this with the Current Administrations hindrance on American oil production, the rising inflation which has plagued the nation since March of 2021, as the Feds have continually postured a position of Hawkishness, the perfect storm brewed, but in none of this was there a mention of Russia.<\/p>\n\n\n\n
-Russia officially invaded Ukraine February of 2022.<\/p>\n\n\n\n
-Oil Magnets had their congressional hearing on or Oversight Hearing on October 28, 2021, after which time<\/p>\n\n\n\n
Compare oil prices at times of spike to Oil cost per barrel<\/p>\n\n\n\n