Wyoming gas prices climb to ~ $ 3.45 / gallon; Gordon joins complaint blaming Biden
CASPER, Wyoming – Wyoming Governor Mark Gordon is among 10 Republican governors who issued a joint statement against President Joe Biden’s energy policies on Tuesday.
“As the US economy recovers and Americans hit the roads this summer, the average price of gasoline in the country is the highest in seven years at over $ 3 per gallon,” the joint statement said.
The average price of a gallon of regular gas tends to be higher in Wyoming than the national average. On Monday, the average cost of a gallon of gasoline was $ 3,448 in Wyoming, according to AAA. The national average was $ 3,170 per gallon.
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Gas prices have risen by about $ 0.05 per gallon over the past week in Wyoming and are about $ 0.28 higher than a month ago.
Gordon and the other Republican governors are trying to tie the rise in gasoline prices to the Biden administration’s policies on fossil fuels.
Since taking office, President Biden has used executive action to interfere in the market and force banks to bow to leftist energy policies, including efforts to gut the oil industries , gas and coal, “said the joint statement. “These policies have punished consumers who are still recovering from the pandemic. Instead of fostering innovation, this flawed approach to corporate crackdown is crippling our future and slowing progress towards real climate solutions.
Blaming the other side for rising gas prices is nothing new.
“It’s an old tactic used by opposition parties to blame sitting presidents when fuel prices rise under their watch – and which Republicans have tried unsuccessfully against Barack Obama during an economic recovery. a decade ago, “Politico said in a July 4 article. “This time, they point to Biden’s ambitious climate change plans, his hiatus on leases for new oil wells on federal lands, and his revocation of permits for the Keystone XL pipeline as culprits, though none of these measures had no immediate impact on what motorists pay at the pump.
AAA said on Monday that “[o]One of the main reasons for the rise in gas prices this summer is the high price of crude oil.
Oil prices in the summer of 2020 were considerably lower, averaging $ 2.162 per gallon in Wyoming on July 19, 2020. The lower prices are due to weaker demand due to lower travel in the middle of the COVID-19 pandemic and a price war between Saudi Arabia and Russia.
Amid this price war and declining global demand, Wyoming temporarily saw no active oil and gas rigs in the summer of 2020. When that happened, Gordon highlighted the impact. negative this could have on Wyoming’s economy.
“There are many jobs related to these platforms and the impact their absence has on Wyoming’s income is huge,” he said at a press conference on August 4, 2020.
As Gordon and the other nine Republican governors now try to link the spike in gas prices to Biden’s policies, other factors are at play.
“[L]Last week, crude prices fluctuated from a high of $ 75 / bbl to $ 71 / bbl, “AAA said on Monday.” The Organization of the Petroleum Exporting Countries (OPEC) news over the week -end, that they struck a deal to increase production in August, could give crude oil prices the potential to drop below $ 70 a barrel. Either way, AAA expects higher pump prices to be the norm throughout the summer. “
The US Energy Information Administration shows gasoline demand remains high this summer:
Amid rising demand, fuel imports and U.S. production of finished gasoline, conventional gasoline, reformulated gasoline, and fuel ethanol have each followed an upward trend since spring 2021:
Gordon and the other Republican governors are calling for an “energy strategy all the way up”.
“America’s energy renaissance, including new technologies for producing coal, oil and gas, has propelled the United States to be a world leader in the export of in-demand fossil fuel products. “, said the governors in the joint statement. “We will reject any attempt by the Biden administration to jeopardize the national, energy and economic security of the United States by forcing financial institutions to restrict access to capital for fossil fuel projects.”
Other governors who signed the joint statement include Governor Mike Dunleavy (AK), Governor Doug Ducey (AZ), Governor Mike Parson (MO), Governor Greg Gianforte (MT), Governor Pete Ricketts (NE) , Governor Doug Burgum (ND), Governor Kristi Noem (SD), Governor Spencer Cox (UT) and Governor Greg Abbott (TX).