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In this video, we talk about the reasons for the surge in gas prices and what you can do to make it less painful for your family budget. The rising gas prices affect every American family. The fuel costs have recently hit an all-time high of $5 per gallon. And it doesn't look like it's going to stop there.
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0:00
Hi guys, this is Eilert and welcome to PeaceConsumer YouTube channel
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Today we will discuss the topic that affects every American family, the rising gas prices
0:10
The fuel cost has recently hit an all-time high of $5 per gallon
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and it doesn't look like it's going to stop there. Oh my goodness, this price is just turning me up. Everything is going up except our paychecks
0:22
In this video, we'll talk about the reasons for the surge in gas prices
0:26
and what you can do to make it less painful for your family budget. If I start to see my budget going over, then I go back through my list and say, what do
0:34
I absolutely have to have this week? But before we go, please make sure that you subscribe to this channel, hit the like button
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and comment under this video as to how much has the gas prices hurt your budget
0:45
You will help us see the real picture. Now let's get started. The price surge was not as wavy as we might have thought
0:56
It all started back in 2020 when COVID-19 spread and the country shut down
1:01
Due to lockdown, the traffic decreased and as a result, the gasoline and oil demand dropped
1:15
But the word started to come out of the pandemic and the demand gradually returned
1:20
Then things got tough. Forbes magazine quotes Chris's Energy chairman and Fort Worth Texas billionaire John Goff
1:27
as, the world is hopefully under-invested, energy transition policies are naive and demand
1:34
has yet to peak. I'm all for green energy but we need a real plan
1:38
A year ago, the average cost of a gallon of gas in the US was 3.07 dollars
1:45
Since then, the price has doubled. In fact, fuel taxes in the US are much lower than in Europe, and so the surge in gasoline
1:53
prices have shocked consumers Though Europe was paying much more for quite some time I haven seen prices to this increased level Oil prices jumped even more after Putin attacked Ukraine
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Thank you
2:55
Commodity's trader Pierre Andron believes that the oil prices will rise up to $200 a barrel
3:01
That means that the fuel costs in the U.S. will reach $8 a gallon
3:05
Putin decided to invade now because the market was tight. Let's keep in mind that Russia is one of the world's major oil producers and exporters
3:14
Energy export is the key component of Russian economy. That's why it was so important to target the sphere
3:21
Is it worth it? This is the missile the Russians launched at a shopping mall in the Ukrainian city of Krimentschuk
3:44
More than 1,000 civilians were inside at the time. The attack is equated to a terrorist attack of 9-11 and with Putin constantly threatening
3:53
In the Western world the threat is on all of us It better to stop him now than he comes here I hope no one will cross Russia red line But in each case we are the ones who will decide where the red line is
4:10
So, what about the fuel? Its price is clearly dependent on Russian oil
4:16
And it looks like it won't be coming back on the market anytime soon, even if Russia and Ukraine negotiate a truce tomorrow
4:23
They already mentioned Pierre Andron stated in an interview with Bloomberg. So for me it's not only about the ceasefire, but I still think that the sanctions will stay in
4:33
Russia until the West can feel like they can trust them and that they will not go attack
4:37
another neighbor like a few months later or attack countries. So what's to be done? It seems like to
4:44
save money we will have to find an alternative. Bicycles, for example. The channel Cleveland 19
4:51
reports that with the rise in fuel prices, local bike stores are booming
4:56
We have been prepared because last year and the year before with the COVID, we couldn't get a lot of the product, so we overstocked on a lot of items, so we're set
5:05
Considering that the pickup trucks, which require a lot of gasoline, are the best-selling vehicles in the United States
5:10
you would be surprised how few fuel-ups you'd need to buy an electric bike
5:14
It is interesting, Doug. Actually, with gas prices soaring above $5 a gallon
5:20
many more people are looking into e-bikes to get to work. This one will cost you about $1,900
5:26
but for some people, it's an investment they're willing to make to avoid the pain at the pump
5:32
The big F-150 has a 26-gallon fuel tank, so fueling up at $5 a gallon will be $130
5:41
Many viewers pay even more than $5 a gallon, depending on where you live
5:45
In California, for example, the average price is $6.5, It's extremely difficult, almost 7 bucks a gallon
5:53
I mean, all we work for is gas, you know, just work, fill up gas
5:57
That about it Yeah there no savings That way at the cost of only 5 refills for five bucks each you can buy a budget electric bike at a price of about
6:08
An electric bicycle can be your solution for most urban trips as an affordable alternative to a car
6:14
Not to mention the significant savings on parking, insurance, oil changes, annual registration, and so on
6:21
Anybody who thinks that they wouldn't be able to ride a bike
6:25
that they have to drive a car, should give themselves a try riding the e-bike, at least a try
6:30
For a family trip, you can opt for a good old-fashioned electric car
6:34
Over the past year, the number of registered electric cars in the US has doubled
6:39
Now, it's about 5% of all new vehicles. Clearly, the greatest need for an eco-friendly transportation is now in California
6:47
But electric cars have also become popular in some other major states
6:51
on the Northeast, Florida, and Texas. 61% of all registered electric cars in the US are the famous Tesla. The models lagging far behind
7:00
are Ford, Hyundai and Kia. The growing popularity of electric cars is understandable. The average
7:06
cost to charge such a car is about $14. Depending on the model, the price can range between $10 and
7:14
$18.3. However, when you charge a Tesla supercharging station, you will pay more in exchange
7:21
for a faster charging time. We're looking at the dash right now and I am super charging
7:34
So the time remaining is about 25 minutes. I am currently charging at 337 miles per hour
7:43
Like it or not, the world has entered a new era and we have to adapt
7:48
After all, reducing gasoline consumption is not a huge price to pay for safety
7:52
considering the threat we all face today
#Finance
#Politics
#World News