The Big Picture: Why Are US Gas Prices So High?

A gas station in Van Nuys, California, March 15.


Photo:

Gene Blevins/Zuma Press

Gasoline prices are high and rising. At the links below, the Wall Street Journal Opinion section explains why prices could continue to rise in America and what the Biden administration could do about it.

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Alamy Stock Photo

Allysia Finley: Breakdown of ‘mysterious’ high gas prices in California

Gasoline prices in California average $5.90 per gallon compared to $4.20 per gallon nationally. Gasoline prices exceed $6.00 per gallon in many coastal California counties.

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Yuri Gripas/Zuma Press

Editor: A question for President Biden on oil and gas

From time to time President Biden makes himself available to the press to ask a question – when he’s not going to or from a helicopter – and we have a suggestion for the next opportunity: “Mr. Mr. President, will you do everything in your power to make it easier for American companies to produce more oil and gas, to make the US and its allies in Europe and elsewhere less dependent on Russian energy?”

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John G Mabanglo/Shutterstock

Editor: Democrats for higher gas prices

You knew it was coming. As President Biden asks OPEC to pump more oil, Senate Democrats are threatening to punish US oil companies with a windfall profit tax if they increase production. The contradiction sums up the progressive energy policy nicely.

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Jacob Ford/Associated Press

Paul H. Tice: Why US Oil and Gas Producers Are Not Solving the Energy Crisis

After the Russian invasion of Ukraine, crude oil prices soared to over $100 a barrel and the average cost of US gasoline has exceeded $4 a gallon. Still, domestic oil production has barely moved over the past two years, stuck below 12 million barrels a day, 10% to 15% below its pre-pandemic peak.

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Caroline Brehman/Shutterstock

The editor: Biden’s fossil fuel blockade

Asked Thursday how high gasoline prices would have to go before she would support opening up federal lands to oil and gas exploration, House Speaker Nancy Pelosi coolly replied, “I’m not pro-drilling on public land .” That’s no doubt how Tesla-driving Democrat donors feel. But why does President Biden let them steer his energy policy?

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Clemens Bilan/Shutterstock

The Editor: A Lesson in Energy Masochism

European governments are scrambling to secure their natural gas supplies if Russia halts exports. But a question worth asking: how on earth did Europe make itself so vulnerable to Vladimir Putin’s energy blackmail?

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Tannen Maury/Shutterstock

Harold Hamm: Biden’s war on oil is hitting consumers

Gasoline prices are higher than ever. The government reported February inflation of 7.9% year over year, the highest since 1982. Americans need relief, and one thing stands in the way: President Biden’s unwillingness, his administration’s commitment to putting America’s oil and gas industry out of business at the expense of consumers.

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Bonnie Jo Mount/The Washington Post via Getty Images)

Harry Brower Jr. and Josiah Patkotak: Make Alaska Sell American Energy to the World

Even as Russian tanks lined up on Ukraine’s border in February, the Biden administration froze US drilling on federal land and enacted regulations that made building natural gas pipelines more difficult. We may be Inupiaq Eskimos 5,000 miles from Washington’s political machine, but we go insane when we see it. And that’s crazy.

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AHMED YOSRI/REUTERS

Walter Russell Mead: The Cost of Neglecting the Middle East

Asked to increase energy production to offset the consequences of sanctions against Russia, Crown Prince Mohammed bin Salman told French President Emmanuel Macron that Saudi Arabia prefers to stick to its production agreements with Moscow.

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Daniel Acker/Bloomberg News

Letters: Why US oil and gas is stuck in the ground

When I first started driving, my father told me that to save gas, always check your tires, drive at a moderate speed, avoid many starts and stops, and take it easy on the pedals. Well, after this past year of gas price hikes, I would have to add to this list: “Don’t vote for the Democrats.”

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https://www.wsj.com/articles/the-big-picture-why-are-us-gas-prices-so-high-11648763759 The Big Picture: Why Are US Gas Prices So High?

Ethan Gach

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