Zero Hedge published a good article yesterday with some solid internal data showing a strong likelihood that national gasoline prices are likely to rise another 40% from current levels by mid-late summer. That would put the national average for a gallon of gasoline around $6.20 by August.
The data behind the prediction is solid and essentially boils down to the U.S. refineries not having the expanded capacity needed to keep up with an increased summer demand, particularly as they need to keep generating high volumes of diesel fuel due to current critical shortages.
The issues are created by the Biden administration and the regulatory stranglehold they put on the oil and gas industry last year. Obviously, all of this is a feature of the administration plan, not a flaw. The Green New Deal agenda necessarily requires that gasoline rise in price to $7/gal this year in order to force the change in profit dynamic for alternative fueled transportation.
Unfortunately, we the consumers will be the ones punished as the progressive, communist and far-left policy makers chase their climate change agenda. Cheap and cost-effective energy has to be made ‘not cheap’ and ‘not cost-effective’ in order to create the energy crisis their agenda requires.
Massive increases in gasoline prices are a feature, not a flaw.
Remember, Biden is disposable. The people behind Biden purposefully selected him in order to generate a kamikaze ‘fundamental change’ mission within a single 4-year presidential term. Getting crushed on the political outcomes is irrelevant, they just need to push the agenda fast enough, far enough, and destructive enough, so that all energy policies become irreversible.
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