On Monday, The Independent Journal Review posted an article about rising gasoline prices.

The article reports:

Gas prices have quietly been on the rise over the summer as President Joe Biden and his administration have touted the merits of his “Bidenomics” agenda.

U.S. oil prices jumped by nearly 4% last week, and the per-gallon price at the pump hit a national average of $3.75 Monday, the highest recorded average since November 2022, according to AAA and the U.S. Energy Information Administration. Continued increases may pose a new headache for Biden, who is promoting the “Bidenomics” agenda ahead of his 2024 run for reelection.

Global oil prices are up 16% since late June, and they have increased for each of the past five weeks, according to CNN. Prices may only continue to rise in August and September as Saudi Arabia, Russia and other OPEC+ members undertake production cuts equivalent to about 1.5% of global supply, announced in early July.

The price increase is partially due to the actions of OPEC (The Organization of the Petroleum Exporting Countries) which has cut its production, but that cut is also due to the fact that America is no longer respected enough to be able to negotiate to prevent that cut and that America is no longer energy independent. Had we maintained our energy independence, the cut would not have had much impact.

Some of us remember the gas lines of the 1970’s. Energy independence will prevent those gas lines from happening again. It is unfortunate the the Biden administration did not understand the need to continue America’s freedom from the whims of OPEC.