Sky-high gas prices on the horizon again in NM, across country
Due to the recent Organization of the Petroleum Exporting Countries (OPEC) decision to cut oil production, gas prices have already risen eight percent in the United States. The price whiplash is par for the course in Joe Biden’s America, with his “climate change” agenda taking center stage — and consumers feeling the pain at the pump.
“Some forecasters see prices rising by another 10% or 15%, which would quickly boost the cost of gasoline and other types of carbon energy,” one report notes.
The Saudi Arabia-led OPEC is cutting production by 1.16 million barrels per day. This would have been an opportunity for the United States to fill the gap and create lower prices with more domestic production, but instead of thinking of the taxpayers’ costs, the ant-energy Joe Biden administration is going all-in on its environmental agenda.
Biden then doubled down on his “green” agenda, writing in a White House statement, “Recognizing that clean energy as well as energy efficiency, and demand flexibility measures are essential to enhancing energy security and accelerating the energy transition, the Task Force has exchanged information on policy and market solutions to accelerate the deployment of energy efficiency technology, heat pumps, smart thermostats and related awareness raising activities among consumers and relevant stakeholders.”
One week ago, gas price averages in New Mexico were $3.35, according to AAA. Now, averages are at $3.42 and rising.
In 2022, the average national gas price rate was $4.87 during Biden’s anti-energy policies and price war with other countries. He then nearly decimated all of the United States Strategic Petroleum Reserve (SPR) padded during the Donald J. Trump presidency.
The Council on Foreign Relations wrote that in 2021 “Biden announced a release of thirty-two million barrels in exchange agreements and eighteen million barrels in sales, seen as an effort to pressure OPEC to increase production; some experts said it was a novel use of the SPR, given there was no supply disruption.” Now, Americans are facing the consequences of the failed negotiation between Biden and OPEC.
“In New Mexico, lower and middle-class families are the ones who suffer the most from these price increases, forcing many to make the heartbreaking decision of filling up their car or buying groceries. Hard-working New Mexicans should never have to make this choice, especially when New Mexico is rich in energy,” wrote Republican Party of New Mexico Chairman Steve Pearce, a former congressman from the oil-rich Second Congressional District.
“[Joe] Biden’s energy policy is a disaster. Gas prices are increasing because Biden has allowed foreign nations to weaponize energy against the United States. We’re witnessing the harmful consequences of losing our energy independence.”
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