And

 

theres not much we can really do about it.

Gasoline prices top $5 a gallon nationally for the first time and are likely headed higher

Likely?

Talk about an understatement.

Were not gonna have inflation either remember?

"The average price for a gallon of unleaded gasoline rose above $5 nationally for the first time due to increased demand from the economy reopening from the pandemic and depleted oil supplies stemming in part from the war in Ukraine.

Prices look set to continue rising into the summer months, analysts said.

(They will continue to rise well beyond that point as well.)

"Gasoline is in shorter supply than normal because the U.S. has lost about 1 million barrels a day of refining capacity, since before the pandemic. At the same time, sanctions on Russian energy has sent oil prices sharply higher and created tight supplies of both oil and fuel globally."

(Until there is more refining capacity and/or sanctions on Russian energy lifted? Prices will continue to climb. Don't count on either of those two things happening anytime in the near future. Discernment alert: Why didn't the article mention that the US is the #1 oil producer in the world?

"The top five crude oil producers and their percentage shares of world crude oil production in 2021 were:

United States

14.5%

Russia

13.1%

Saudi Arabia

12.1%

Canada

5.8%

Iraq

5.3%"

Oil and petroleum products explained Where our oil comes from