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Gas Prices-J

21 Feb

I just checked gas prices to fill up the car and the price has been going up for three weeks straight. A lot of it is due to the fighting in the Mid-East. Most stations are about $3.29 a gallon compared to $1.75 a gallon when President Biden took office. President Trump pushed America to be independent of Arab oil prices which lowered gas prices since it didn’t have to be transported from the Mid-east and profits went to American workers and investors. Under President Trump, gas prices would not have been affected by the war, but now the fighting is pushing prices up still further. President Biden forced cuts in America’s oil production forcing us to buy oil from Mid-Eastern countries which has to be transported by ship, greatly increasing the cost. A lot of that oil goes through the Suez Canal and the shipping lanes near the Arab States. Arab terrorists have made travel in the region difficult and many are oil  tankers who are opting to go around the south of Africa to avoid it, which creates extensive delay and a lot of extra cost.  In addition, there is nothing to prevent the Arab countries from raising prices to hurt the American economy, like they did in 1974. The profit from Arab oil goes to Arab countries who supply our oil and much of it goes into the pockets of rich Arab rulers who in turn support Arab terrorist activities.

 

 

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