Gas Prices Hit Highest Point Since 2014 after Pipeline Hack

President Biden has overseen a steep increase in gas prices since taking the oath of office in January.

On January 21, an average gallon of regular gasoline cost $2.33, according to the U.S. Energy Information Administration (EIA). By the start of this week, that figure had risen to $2.96 and today, AAA pegged the average gallon at $2.99, the highest mark since November 2014.

While it’s true that prices had already been rising when Biden took office, they were doing so more slowly and at least in part in response to increased demand from earlier in 2020, when travel grinded to a halt during the thick of the pandemic.

Making matters worse is the Colonial Pipeline hack. The pipeline, which delivers roughly 45 percent of all of fuel consumed along the east coast, was rendered inoperative for four consecutive days after being hit with a ransomware attack last week.