by WorldTribune Staff / 247 Real News June 1, 2022
Thanks to Bidenflation, gas prices hit another record high on June 1 with a national average of $4.671 per gallon.
The price at the pump is expected to reach $5 a gallon on average by as early as June 17, according to Patrick De Haan of GasBuddy.
In California, fuel at some stations tops the federal minimum wage of $7.25 per hour and the most expensive gas in the Golden State tops $9 per gallon.
Americans could be paying an average per-gallon price of $6.20 by August, according to JPMorgan analyst Natasha Kaneva.
“U.S. consumers should not expect much in the way of relief in prices at the pump until the end of the year,” Kaneva predicted.
Based on current prices, the average U.S. household is now spending about $4,800 on gas per year, up from $2,800 a year ago.