Gas prices hit a 7 year high and Biden is at a global conference talking about decreasing American oil production and raising gas taxes even higher. 2024 can’t come fast enough.

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As world leaders gather in Scotland for the United Nations climate conference, Americans are facing the highest prices for gasoline since 2014.

The national average price of gas rose two cents over the past week to $3.402, according to the American Automobile Association. One month ago, the national average was $3.192. One year ago, it was $2.131.

Silver lining: the two-cent gain was the slowest weekly increase in over a month, according to AAA.

According to new data from the Energy Information Administration (EIA), total domestic gasoline stocks fell by 2 million barrels to 215.7 million barrels last week. Gasoline demand also fell.

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“The drop in demand has helped slow price increases, but elevated crude prices continue to put upward market pressure on pump prices, which will likely keep rising as long as oil prices are above $80 per barrel,” AAA said.

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