Joe Biden claimed that a gas tax holiday was needed. But as we noted, a gas tax holiday is in the words of Barack Obama a “gimmick” and the words of House Speaker Nancy Pelosi (D-CA) “showbiz.” Some of the estimates of the savings that you would get — even if it was passed along to you — show how silly this whole exercise is.
Working families will have breathing space for 90 days thanks to the federal gas tax holiday.
18 cents per gallon
260 miles per week
Math is easy with 26 mpgThis policy will lower the cost of gas for drivers by about $2 per week.
— Ryan Maue (@RyanMaue) June 22, 2022
IF Biden were to implement a gas tax holiday (cutting the federal gas tax to zero), here’s what motorists might save per week with average consumption…
Pickup truck $5.52
Minivan: $3.68
Fullsize: $2.94
Compact: $2.21— Patrick De Haan ⛽️📊 (@GasBuddyGuy) June 20, 2022
So if you have an average car, maybe you top out at $30 over 12 weeks — and again, that’s assuming all the gas tax savings were passed along to you. The situation is similar to when the government boasted how you’d save 16 cents last year by buying a few things at your July Fourth cookout, but then raised prices for everything else. I hope the $30 over three months makes up for the $460 more a month Biden’s inflation is costing you.
After three months, what will happen when it has to be raised again? It drives up inflation because it raises the demand. And you’re not bringing the true price down by increasing the supply? It’s foolhardy.
But Biden’s economic adviser Gene Sperling took Joe Biden’s lie about the gas prices even a step further, seemingly defying all reality with his remarks to Fox’s Martha MacCallum. Sperling continued to blame Putin, but even attempted to deflect from the fact that gas prices were rising before Putin invaded Ukraine. Watch this, it’s quite something — the audacity with which he denies reality.
Gene Sperling is Biden’s economic adviser: “I disagree” with the claim that gas prices have risen since Putin’s invasion. pic.twitter.com/9cGpJGpdim
— RNC Research (@RNCResearch) June 22, 2022
MacCallum deserves credit for exposing this deception. She explained that gas prices did go higher based on Biden’s policy choices to end leases and pipelines. Sperling kept saying “disagree.”
This isn’t the first time Sperling has spread manure on Fox — they’ve called him out it before when he lied about inflation and the face of John Roberts was priceless as he tried to hold it together and not laugh at Sperling’s efforts.
You can argue over what the cause of the rise in prices was before Putin’s invasion. It is impossible to deny the fact that prices have gone up dramatically since Biden’s arrival. They’ve risen because of Joe Biden’s policies. Here’s a graph that lays out the rise, juxtaposed with the poor policies that Biden imposed along the way.
He might be able to see the same things if he had used crayons to draw the chart. pic.twitter.com/LFShVTzopE
— KdogMcCoy (@KdogMcCoy) June 22, 2022
It’s bad enough when Biden tries to buffalo us with this “Putin price hike” thing which helps Putin in his own country. But when you even try to deny the reality that we all have seen and know to be an unarguable fact, you’re insulting Americans.
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