How Rising Gas Prices Will Impact The Money You Spend On Food

Last week my neighbor cautioned me that I needed to fill up with gas that night. "I'm friends with the owner of the gas station. He's bumping up prices 30 cents per gallon tonight," my neighbor told me. I filled up and woke the next morning to find that gas was $2.90/gallon. He was right. Gas was $2.60 the day prior. Rising gas prices were escalating.

As of yesterday, gas was selling for $4.30/gallon in my area. It had jumped well over a dollar per gallon in less than seven days. And it is only going to continue to go higher.

Though Russian oil only accounted for 10% of all the oil that Americans utilize, we are now officially no longer importing Russian oil. Instead, we're looking at getting our gas from Iran and Venezuela.

Yes, you read that right. Iran and Venezuela.

Iran, the same nation where generals say, "Death to America," and burn the flag in Parliament.

Venezuela, the same land that brought in nuclear-capable bombers from Russia a few years ago, that received shipments of Russian military equipment, and that moved troops to the Colombian border in 2022 with Russian assistance.

Sounds like a good idea. READ MORE