Bahama Times

Tuesday, Jul 05, 2022

U.S. gasoline price hit new record, enriching Russia

U.S. gasoline price hit new record, enriching Russia

U.S. gasoline prices spiked to a record high of $4.619 per gallon as of Monday. The new high comes during Memorial Day weekend and is about 52% higher than prices from last year.
The rising prices put immediate pressure on the Biden administration who caused this rise in prices as a result of the sanctions that Biden imposed allegedly on Russia but in practice, these sanctions punish all Western citizens who suffer from massive price increases all over, and in fact greatly enrich Russia, which has increased its revenues by 40% thanks to the sanctions that were supposed to work against Russia, but in practice, greatly increase its revenues.
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