Record Gasoline Prices Still Rising with California Over $6 per Gallon and No Relief In Sight

We are seeing record gasoline prices with Californians paying over $6 a gallon on average for regular gasoline. The San Jose Mercury News said there is "no relief in sight" either while others say prices could reach $10 this year!

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Some stations in Southern California are charging over $7 per gallon!

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Some think gasoline prices could double again!

“Some gas stations across the country are already bracing for the Next Big Thing involving surging fuel prices, namely the price per gallon potentially exceeding $10."  Senator Melissa Melendez, May 18, 2022

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Despite President Biden's best efforts to lower energy prices, crude oil prices remain very high.

Energy Secretary Jennifer Granholm stated during the hearing that the Biden administration was doing everything possible to increase oil production and supply in the United States. Senator Sullivan quotes the actions of the Biden administration in the last three weeks which are exactly the opposite of the energy secretary claims. WATCH:

Questions:

1. Have gasoline prices peaked? 
2. Have high gasoline prices caused to to change behavior? 
3. What would you do to get more supply? 
4. Can President Biden do anything more to lower energy prices NOW?
5. Will high energy prices change how you vote in the next election?

Discuss those questions on my "Investing for the Long Term" Facebook group.

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