Are Lower Gas Prices A Trap For Americans?
Here’s what you should consider…
President Biden has been taking a victory lap and is celebrating lower gas prices which he was single-handedly was responsible for raising in the first place.
According to Fox, the national average for a gallon of gas sits at $3.99 which is considerably lower than it’s all time high of $5.02 in June.
However, experts are now warning that too much damage has already been done by President Biden’s insanely high gas prices and Americans’ desire to go anywhere has been destroyed.
American consumers overall are opting to stay home due to red hot inflation and unpredictable gas prices.
Senior market analyst with Oanda Corp Edward Moya explained, “What we are starting to see is that widespread inflation has really made a weaker consumer. So what you have is a consumer that is not planning big trips. They are not fully back into the office.”
Currently a number of majority red states including Texas, Oklahoma, Kansas, Arkansas, Tennessee, Kentucky, Alabama, Georgia, and South Carolina have the benefit of having gas prices as low as $3.49 per gallon on average however citizens in these states still don’t want to travel as much.
One Oklahoma driver driver explained “I’m trying to limit as much extra driving as possible. I would avoid a commute if I could work from home one day a week, just not to burn gas at those prices.”
One driver in California explained, “It’s still too high! That’s like telling me the 20-foot ceiling is now 15 feet. I still can’t reach it.”