How’s that working, Joe Biden’s plan to drop gas prices?
His plan to beat COVID was almost as successful as his own.
The average price of gas in the U.S. just hit its highest mark ever — $4.37 a gallon, according to AAA.
NEW RECORD HIGH gas prices AAA says the average US gas price is $4.37/gallon. This surpasses March 11’s record. pic.twitter.com/m8oC2c0Fi7
— Pete Muntean (@petemuntean) May 10, 2022
Now, that’s the average. California is one example of a state where this average could look almost like Nirvana, if the prices were to be re-examined. There is an average state income of $6.00. It’s up $1.41 since last year and 17 cents since last week.
This, despite Joe Biden’s claims that he’s doing something about it by depleting our emergency supply. Biden announced in March that he would be releasing 180 million barrels — one million barrels a day for six months — the largest release since the reserve was created back in 1974. But we see how unsuccessful that has been because it’s not addressing the problem. It’s just emptying our savings account so if we truly hit an emergency, we’ll be up a creek without a paddle. Biden also said that the EPA would be allowing the sale of E15 gasoline — ethanol-blended gasoline to supplement the supply. Biden hoped that this would lower the price of gasoline just before and after the election. However, they could go up afterwards. But that hasn’t worked.
Joe Biden has placed blame on Vladimir Putin for the Ukraine war, even though the truth is that prices have been rising since long before this war. So far, nothing that he’s done has resolved the basic problem as the prices continue to rise. That’s because the whole orientation since he came in has been anti-energy including things like shutting down pipelines and trying to end drilling on federal lands. They’re not concerned about the pain, the pain is the point — to get people to stop using fossil fuels.
Fox Business
Yardeni Research’s March research found that rising oil prices will mean the average American household will spend almost $2,000 more on gasoline by 2022.
“In addition, we estimate that the average household is currently spending at least $1,000 [according to a seasonally adjusted annual rate] more on food as a result of rapidly rising grocery prices,” Edward Yardeni, the president of the firm, wrote on LinkedIn. “That’s $3,000 less money that households have to spend on other consumer goods and services, which also are experiencing rapid price increases.”
I’m inclined to think that might be a conservative estimate, particularly as everything continues to rise.
CNN: “ECONOMIC ANXIETY.”
“Gas prices hitting a new nominal record…this comes as prices for everything from groceries to plane tickets continue to rise.” pic.twitter.com/H1Ztvx9L9H
— RNC Research (@RNCResearch) May 10, 2022
Here’s a reminder at the beginning of this video about how Senate Majority Leader Chuck Schumer chastised President Donald Trump for gas prices back in 2018 when the average was under $3.00 (although Schumer was standing in front of a sign that had a higher price). Schumer was calling on him to do something, saying that “mostly it was the president” who held the cards so that’s why they were pressuring him to do something.
According to the U.S. Energy Information Administration, it was under $3.00 for Trump’s entire term and even dipped under $2.00 in 2020. You can see how quiet Schumer has become about putting pressure on Joe Biden.
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