Why This Oil Price Spike Won’t Last
March 12, 2026
Gas prices jumped over the past week, and they’re already starting to come back down. That’s not a coincidence. It’s what happens when the underlying energy foundation is sound. Before that story gets buried, here are the facts. In 2022, prices stayed elevated for months leading up to and after Russia invaded Ukraine, not simply because of the war, but because the Biden administration had already broken America’s supply response mechanism. Blocked federal leases, canceled pipelines, threatened energy executives with criminal prosecution, and drained the Strategic Petroleum Reserve to its lowest level since 1983. When the shock hit, America had no…