Gas prices on the rise again

 Washington Examiner:

Gasoline prices are creeping back up and may soon average $4 per gallon, requiring drivers to start putting in more for fuel after having enjoyed falling prices for much of the second half of 2022.

The national average price of retail gasoline rose for the fifth straight week Sunday, according to data compiled by GasBuddy, with higher oil prices and lower refinery utilization being driving factors. The national average is up to $3.49 per gallon, a 33.3-cent rise from a month ago.

BIDEN OIL RESERVE REFILL PLAN WON'T WORK, INDUSTRY GROUP TOLD ADMINISTRATION

Oil has seen fairly consistent gains over the same period, and refineries have been operating at 86.1% of capacity or below since Winter Storm Elliot struck during the week of Christmas, according to the Energy Information Administration.

Other factors expected to weigh on prices going forward include the European Union's impending embargo of Russian petroleum product imports and growing demand in China.

Completion of delayed refinery maintenance in the United States will also be a factor, said Patrick De Haan, head of petroleum analysis at GasBuddy.
...

Some of these things could be remedied by opening the Alaskan Petroleum Reserve and doing more offshore drilling.  Biden has squandered much of the Strategic Petroleum reserve and selling some of it to China.

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