<p>The price of oil skyrocketed on Sunday as Democrat President Joe Biden’s administration is considering an embargo on Russian oil after Russia invaded Ukraine late last month.</p>
<p>&#8220;The cost of Brent crude, the international benchmark, rose about 10 percent, reaching $130 a barrel on Sunday evening,&#8221; The New York Times <a href="https://www.nytimes.com/2022/03/06/business/oil-prices-us-russia-ukraine.html">reported</a>. &#8220;In early December, it cost about $65 a barrel.&#8221;</p>
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
<p lang="en" dir="ltr">⚠️BREAKING:</p>
<p>*WTI OIL PRICES TOP $130 A BARREL FOR FIRST TIME SINCE 2008<a href="https://twitter.com/search?q=%24CL_F&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$CL_F</a> <a href="https://twitter.com/hashtag/OOTT?src=hash&amp;ref_src=twsrc%5Etfw">#OOTT</a> <a href="https://t.co/sqp0wf4SbS">pic.twitter.com/sqp0wf4SbS</a></p>
<p>&mdash; Investing.com (@Investingcom) <a href="https://twitter.com/Investingcom/status/1500608069901955072?ref_src=twsrc%5Etfw">March 6, 2022</a></p></blockquote>
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
<p lang="en" dir="ltr">BREAKING: Oil prices surge to 13-year high at the open of trading amid Russia-Ukraine war; stock futures drop around 1% <a href="https://t.co/9Jv1ArhFHR">https://t.co/9Jv1ArhFHR</a> <a href="https://t.co/Aa0iiKrElv">pic.twitter.com/Aa0iiKrElv</a></p>
<p>&mdash; CNBC Now (@CNBCnow) <a href="https://twitter.com/CNBCnow/status/1500616012936404998?ref_src=twsrc%5Etfw">March 6, 2022</a></p></blockquote>
<p>The national average price for gas jumped to $4 per gallon over the weekend for the first time since 2008 as prices continue to worsen during the Biden-era.</p>
<p>“As of Sunday afternoon, the national average of a regular gallon of gas was $4.009, according to AAA,” USA Today <a href="https://www.usatoday.com/story/money/2022/03/06/gas-price-tops-4-dollar-gallon/9402743002/">reported</a>. “That’s up 8 cents from Saturday and up 40 cents from last week. The U.S. hit the $4 national average a day earlier than analysts expected.”</p>
<p>Patrick De Haan, head of petroleum analysis at fuel-savings app GasBuddy, said in a tweet on Sunday that gas prices were approaching an all-time high.</p>
<p><span class="css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0">“We are currently at a 7 day rise in </span><span class="r-18u37iz">#gasprices</span><span class="css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0"> of 43.7c/gal,” he tweeted. “If we surpass 49.0c/gal ago, we will be at the highest ever 7 day rise in average price.”</span></p>
<p>GasBuddy <a href="https://www.gasbuddy.com/go/4-gas">said</a> in a statement:</p>
<blockquote><p><em>The national average price of gasoline has just surpassed $4 per gallon in the U.S. for the first time since 2008, and stands just 10 cents below the all-time record of $4.103 per gallon, according to GasBuddy, the leading fuel savings platform providing American drivers with the most ways to save money on gas. Prices have spiked across the country due to the Russian war on Ukraine as sanctions cripple Russia’s ability to export crude oil, spiking gas prices by nearly 41 cents in the last seven days alone.</em></p>
<p><em>As of Friday, the weekly rise in gas prices was the second largest ever, following the rise of 49 cents per gallon during the week of September 3, 2005. Yesterday’s daily rise of 15.8 cents per gallon was also the second largest daily rise ever, coming close to the record of 18.1 cents per gallon set as Hurricane Katrina tore through the Gulf 17 years ago. Diesel prices, however, didn’t share the same fate as gasoline, as diesel soared to its largest daily gain ever: 22.2 cents per gallon, 6 cents higher than the previous record from 2013.</em></p>
<p><em>GasBuddy expects that gasoline prices will continue to rise in the days ahead, and could be just days away from setting a new all-time record high and continuing to rise through summer. Seasonal factors including increased demand for gas, refinery maintenance and the switch to summer blend gas, on top of current geopolitical tensions, could propel prices upward of $4.25 per gallon by Memorial Day.</em></p></blockquote>
<p>Billionaire entrepreneur Elon Musk <a href="https://www.dailywire.com/news/elon-musk-pushes-energy-policy-for-u-s-that-would-negatively-affect-his-own-company-extraordinary-times-demand-extraordinary-measures">said</a> late last week that he supported increasing domestic oil and gas drilling to offset energy problems that the U.S. is facing due to policies from the Biden administration and the war in Europe.</p>
<p>“Hate to say it, but we need to increase oil &amp; gas output immediately. Extraordinary times demand extraordinary measures,” Musk tweeted. “Obviously, this would negatively affect Tesla, but sustainable energy solutions simply cannot react instantaneously to make up for Russian oil &amp; gas exports.”</p>

<script async src="https://www.instagram.com/embed.js"></script>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
<script async src="https://www.tiktok.com/embed.js"></script><div data-widget-host="revcontent" data-pub-id="165152" data-widget-id="290588"></div><script src="https://delivery.revcontent.com/165152/290588/widget.js"></script>

Price Of Oil Per Barrel Doubles From What It Cost A Few Months Ago

CONTINUE READING

Elon Musk Provides Timeline Of When He’ll Be Done In Government

Feds Arrest Las Vegas Man For Allegedly Attacking Tesla Store With Molotov Cocktails, Rifle

Trump Stages ‘Unprecedented Concentration Of Overwhelming U.S. Firepower’ At Base Near Mideast

U.S. Military Recovery Efforts Still Ongoing To Recover Vehicle Trapped In Swamp

Former NFL Running Back Arrested In Largest Individual Dog Fighting Bust Ever: Feds

Four U.S. Soldiers Found Dead After Training Exercise Near Belarusian Border

News

A video goes viral showing a baby being refused his mother by two gay "dads". This is just the tip of the iceberg, which is why we will have an important discussion today about surrogacy. 

Hour 1

The Matt Walsh Show

Ep. 1765 - This Video Is One Of The Worst Things I've Seen In A Long Time 

The Strait of Hormuz officially opens for business (kind of), the Pope makes “shocking” comments on immigration, and President Trump promises UFO disclosure at TPUSA. 


The Michael Knowles Show

Ep. 1956 -  Pope Leo's "SHOCKING" Immigration Comments EXPLAINED

A false miscreed has corrupted our leadership class.


The Andrew Klavan Show

Ep. 1275 - Dumb, Dumber and Progressive

President Trump announces a 10-day ceasefire between Lebanon and Israel, a murder-suicide involving former Democratic Lieutenant Governor Justin Fairfax shakes Virginia, and France and Britain hold a conference to secure the Strait of Hormuz – after the Iranian conflict ends. Get the facts first with Morning Wire.

- - -

Ep. 2738

- - -

Wake up with new Morning Wire merch: https://bit.ly/4lIubt3

- - -

Today's Sponsors:

Alliance Defending Freedom - Visit https://JoinADF.com/WIRE or text 'WIRE' to 83848 to learn more.

Pocket Hose - Text MORNING to 64000 to get a FREE pocket pivot and their 10-pattern sprayer with the purchase of ANY size Copper Head hose. Message and data rates may apply.

Morning Wire

U.S. Expands Hormuz Blockade & VA Fairfax Deaths Investigated | 4.17.26

U.S. Expands Hormuz Blockade & VA Fairfax Deaths Investigated | 4.17.26 [Member Exclusive]

A ceasefire goes into effect between Israel and Lebanon, a tragic murder-suicide rocks Virginia, and Dairy Queen deploys AI in the drive-thru. Get the facts first with Evening Wire.
- - -
Ep. 2737
- - -
Wake up with new Morning Wire merch: https://bit.ly/4lIubt3 
- - -
Today’s Sponsor:

Alliance Defending Freedom - Visit https://JoinADF.com/WIRE or text “WIRE” to 83848 to learn more.


Menu

— News —

Price Of Oil Per Barrel Doubles From What It Cost A Few Months Ago