Credit to CNBC Article by Haddon Lockyer I just got my license on Tuesday, and may I just say... this hurts. A new report from CNBC is showing that Americans are currently paying more for gas than they have in the past 7 years. Some residents of bigger cities, where gas prices are as high as $5 per gallon, are especially suffering. Gasoline prices have been rising steadily over the course of the past year, with Wednesday, October 6th, seeing the highest national average since "at least" October of 2014, CNBC noted. The average was $3.22 a gallon, according to the American Automobile Association (AAA). CNBC broke down the differences in the price of a barrel of gas in the report, saying: Rising gas prices comes on the heels of an oil rebound. West Texas Intermediate crude futures, the U.S. oil benchmark, traded around $77.60 per barrel Wednesday, after topping $79 in the prior session for the first time since November 2014. One year ago, a barrel of WTI fetched about $40. American citizens are beginning to complain more and more about the poor state of the economy under the Biden administration, which has led to labor shortages, inflation, product shortages, and these higher gas prices. In fact, a new poll from the Associated Press-NORC Center for Public Affairs Research has found that approximately 54% of the American public consider the economy to be in bad shape. These prices are completely opposite to prices from a year ago. During October of last year, under the Trump administration, gas prices were well under $2, according to YCharts. Credit to Cars 108 Biden's approval ratings continue to crumble in multiple areas as the Nation faces the crises at the border and citizens left behind in Afghanistan. The Informed Youth is America's newest conservative source for reliable and factual news, brought to you by America's patriotic young people. Learn more about us by clicking here, and sign up for our mailing list below.
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