Bidenflation: Oil Soars to 8-Year High, Pumping Gas Prices Toward Recent Highs

True Pundit January 23, 2022

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The price of oil continued to rise sharply on Wednesday, adding more pressure already elevated gasoline prices that are squeezing many U.S. households and businesses.

The price of Brent, the international benchmark, rose by nearly one percent to $88.27 a barrel, the highest price since 2014. West Texas Intermediate crude, which is the price of domestically produced oil, rose 1.44 percent to 86.66 a barrel.

Gasoline prices rose a penny last week, driven primarily by the cost of crude oil, according to AAA.

“In the past few weeks, we have seen the price for a barrel of oil slowly work its way from the mid-$60s to the low $80s,” said Andrew Gross, AAA spokesperson. “And the primary reason is global economic optimism, whether well-founded or not, that the worst of COVID may soon be behind us.”- READ MORE

Categories: News

Hot Wire — They Warned You About this Crew 250+ Years Ago

***************************** SUBJECT: HOMELAND SECURITY AND DOD MEETING STAFF: Chief, Deputy Chiefs of Staff, Steven Munoz, Troup Hemenway, and Joseph Guy, Acting Director of ICE, Todd Lyons, CBP Commissioner, Rodney Scott, Liaison Officer, DoD, Philip Hegseth ATTENDEES: Pete Hegseth, Secretary of Defense General Dan Caine, Chairman of the Joint Chiefs of Staff General Gregory Guillot, NORTHCOM…

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Mike August 2, 2025

Hot Wire — Back to the Future (2008-09) (2020-21) & How to Beat The Man Thru 2035

************* Let’s do an exercise I’m a middle class American. where can I expect to be in 10 years. provide a year by year breakdown what will happen to my assets. I have 400,000 in the bank As a middle-class American with $400,000 in the bank, your position in 10 years (by 2035) will largely…

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Mike September 25, 2025

HOT WIRE — Transcript IC U (Part 2)

TRANSCRIPT from previous show 00:00:01,300 –> 00:00:46,840 Welcome back, folks. Hotwire, and we’re doing… I got this weird glare, like almost like a lightning bolt that’s coming down from heaven right through the middle of my head. So trying to, uh, stop that glare, and, uh, hopefully we did it. But anyway, maybe it’s a,…

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Mike March 2, 2026

(FREE) PAINE IN THE MORNING: 9 things you need to know this Friday – January 21, 2022

There is also a full, ad-free video podcast of this broadcast available to Paine.TV members HERE. Learn more about joining our community HERE. Fauci Suggests World…

True Pundit January 21, 2022

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(PREMIUM) PAINE IN THE MORNING: 9 things you need to know this Friday – January 21, 2022

There is also an ad free audio version of this episode you can listen to HERE. Fauci Suggests World Is In Phase One Of Five In COVID-19 Pandemic – While other governments move to do away with COVID-19 mandates and regulations, Dr. Anthony Facui recently admitted that it is too early to say that…

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True Pundit January 21, 2022

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