Horry County gas prices soared to an average of $2.75 per gallon as the weekend approached.
A 12 cent gas taxed passed by the S.C. legislature in 2017 to improve road quality can bear a small portion of the blame. As we reported today, S.C. still leads the nation with the worst roads in America.
However, most locals blame the increase in prices on the new administration.
President Joe Biden shut down oil and gas lease sales from the nation’s vast public lands and waters in his first days in office, citing worries about climate change. Now his administration has to figure out what do with the multibillion-dollar program without crushing a significant sector of the U.S. economy. Everything in the economy is driven by gas prices.
In January 2021, construction on the Keystone XL oil pipeline halted as U.S. President Joe Biden revoked its permit on his first day in office.
The 1,700-mile (2,735-kilometer) pipeline was planned to carry roughly 800,000 barrels of oil a day from Alberta to the Texas Gulf Coast, passing through Montana, South Dakota, Nebraska, Kansas and Oklahoma.
Biden’s policies have created a condition where the U.S. is once again dependent on foreign oil.
As NBC news reported on April 28th: Experts predict increasing prices over the summer with rolling gas shortages at the pumps.