Morning Jolt: Warning Signs Flashing at the Gas Pump Once More

On the menu today: You don't hear as much now about gas prices as you did during the record highs in June, but that doesn't mean that prices at the pump are anything close to normal. That long stretch of declines from the June high ended in late September, and gas prices are actually up about eleven cents a gallon in the past week or so. The Strategic Petroleum Reserve is at its lowest point in nearly four decades; California refineries are shutting down; Gavin Newsom says that there's no explanation for price hikes; and OPEC, the Russians, and the Saudis are laughing all the way to the bank. Also remember that in Joe Biden's mind, his policies on energy are a success story.

Gas Prices Return as an Issue

Late last week, I flew into Los Angeles for the National Review Institute's annual Buckley Prize Dinner, and in addition to spying Nakatomi Plaza in the distance, I saw a gas station selling regular gasoline at — ...

TODAY'S MORNING JOLT WITH JIM GERAGHTY IS PRESENTED BY

WITH JIM GERAGHTY October 03 2022 WITH JIM GERAGHTY October 03 2022 Warning Signs Flashing at the Gas Pump Once More On the menu today: You don't hear as much now about gas prices as you did during the record highs in June, but that doesn't mean that prices at the pump are anything close to normal. That long stretch of declines from the June high ended in late September, and gas prices are actually up about eleven cents a gallon in the past week or so. The Strategic Petroleum Reserve is at its lowest point in nearly four decades; California refineries are shutting down; Gavin Newsom says that there's no explanation for price hikes; and OPEC, the Russians, and the Saudis are laughing all the way to the bank. Also remember that in Joe Biden's mind, his policies on energy are a success story. Gas Prices Return as an Issue Late last week, I flew into Los Angeles for the National Review Institute's annual Buckley Prize Dinner, and in addition to spying Nakatomi Plaza in the distance, I saw a gas station selling regular gasoline at — ...   READ MORE

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