New York City billionaire and oil refiner John Catsimatidis said President Biden should "open up the spigots" as Americans feel the wrath of soaring costs at the pump and in the food store. Reacting to the national average price of a gallon of gas reaching a new all-time high of $4.86, Catsimatidis told FOX Business' Dagen McDowell that "it will get worse" and lamented that neither the exacerbation nor an economic recession has to happen, but leaders refuse to change course.

Catsimatidis cited President Biden's "obsession" with not "turning on North American oil spigots" as a leading culprit behind high energy costs and criticized him for seeking oil from Saudi Arabia instead of drilling domestically.

"We have 100 years' worth of oil. Let them open up the spigots and the price of crude oil will come back down to $55, $60, maybe $65 – half," he stressed on "Mornings with Maria" Monday.

Anyone remember the prices from summer 2008 ? I was fortunate to be feeding a pair of mild 454's at $4.50 a gallon.

It's $6.27 in Alaska today.

Yes I do and just like now diesel was higher, one day it went up 0.60 from the time I went to work and came back (about 6 hours, jet lag was killing me). I was feeding a AMG Mercedes that needed premium for its SC motor, and my truck that I used to tow to the boat 1 1/2 hours to the lake was diesel.

But I was making as much as I do today and my other expenses were a fraction of what they are today.

Highest diesel prices in US history. Thanx Biden voters!

I remember 08 09 real-estate market crash, bought my place on Table rock out of foreclosure, seems were headed in the same direction in 22

You would think so. Prices of places being bought around me (i’m sure most places too) are past ludicrous. Past laughable too.

Today's another low point under Biden. Since the 17 months Biden has been in office, gas has officially doubled in price for the average American.

I don't care how hard the libs try to punish me with high fuel prices, I am never buying an electric vehicle.
This was painful though, I filled my F450, it started with a 1/4 tank and it was almost $175.
If anything this is making me more bitter towards the left.