Has post-election gas price hike already started? | Eastern NC Now
Speedway bumps price for unleaded up to $4.38
Gas was around $3.11 for unleaded this morning. This afternoon, Speedway, usually the first to raise prices, has skyrocketed it to $3.38. As Biden's election ploy of draining the strategic petroleum reserve to somewhat restrain prices is ending with election day, the expectation of price increases after the election has always been there, but to see it jump the day BEFORE election day is just astounding.
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I wonder how much Biden's words on no more drilling are playing into the prices, not to mention when he cuts off draining the SPOR to keep prices lower.
Even at $3.11 a gallon it was still $1.11 higher than the $2.10 I paid on Jan. 20, 2021.