(RepublicanWire.org) – If the price of gasoline at the pump has been causing you pain, unfortunately, more pain is on the way.
For the first time since 2014 – eight years ago when Barack Obama was President of the United States of America – the price of a barrel of oil has gone above the $90 mark.
That means the price of gasoline will soon surge to new highs.
Maybe it’s a Democrat thing.
As CNBC reports today in “U.S. oil prices top $90 a barrel for the first time since 2014“:
“U.S. oil crossed above $90 on Thursday for the first time since 2014 as demand for petroleum products surges while supply remains constrained.
“West Texas Intermediate crude futures, the U.S. oil benchmark, gained more than 2% to trade as high as $90.23 per barrel. The last time prices were above the $90 mark was October 2014. International benchmark Brent crude rose 1.7% to trade at $91. Brent topped $90 on Jan. 26.”
And it may be about to get far worse.
“WTI is up nearly 20% for the year, building on 2021′s more than 50% gain. As oil prices push higher, a number of Wall Street analysts have forecasted $100 oil.”