Biden Takes Victory Lap As Gas Prices Inch Downward, Still Nearly Twice As High Since His First Day | Eastern North Carolina Now | President Joe Biden and other White House officials took credit this week for a recent decline in gas prices.

Coronavirus Disease 2019 (COVID-19)
    Publisher's Note: This post appears here courtesy of the The Daily Wire. The author of this post is Ben Zeisloft.

    President Joe Biden and other White House officials took credit this week for a recent decline in gas prices.

    During the week of President Biden's inauguration, the national average price of gasoline was $2.38 per gallon, according to the U.S. Energy Information Administration, and rose to $3.53 per gallon by the week when Russia invaded Ukraine. Prices surpassed $5.00 per gallon in early June before subsiding to $4.49 per gallon as of this week.

    Not mentioning the fact that prices at the pump are now 89% higher than at the beginning of his term, Biden argued on Tuesday that his "actions are working" and "prices are coming down" - especially due to his steady release of strategic reserve oil, some of which found its way to a Chinese company with links to Hunter Biden.

    Jared Bernstein, a member of Biden's Council of Economic Advisers, added on Monday that the administration's policies have produced "a bit of breathing room in making ends meet" as the market observes "the fastest decline in retail gas prices in a decade."

    "At current prices, the average American driver will spend about $25 per month less on gasoline than they would have if prices had stayed at their June peak," he said during a press briefing. "Economy wide, that means American drivers are saving around $190 million each day from lower gas prices. And since gasoline prices affect the prices of other goods and services through transportation costs - food is a good example - both households that drive and households that don't yield some benefit from lower gasoline prices."

    One reporter pushed back against Bernstein, noting that "when they rose, it was Putin's fault," but "when they're coming down, he gets the credit."

    "I very much disagree with that framing," Bernstein responded. "I think what's happening here is a president who is working tirelessly to address the largest constraint - probably the toughest constraint - facing American households right now: the budgetary impacts of these elevated prices. And we're showing you here today some real results, partially - that partially derived from concrete efforts he's taken."

    Indeed, the White House - which nixed expansions to the Keystone XL Pipeline last year and has been accused of dragging its feet on issuing oil and gas permits - has repeatedly asserted that "Putin's Price Hike" is responsible for rising inflation in recent months.

    "Putin's Price Hike hit hard... high gas prices at the pump, energy, and food prices accounted for around half of the monthly price increases, and gas pump prices are up by $2 a gallon in many places since Russian troops began to threaten Ukraine," Biden said in a statement last month. "Even as we continue our work to defend freedom in Ukraine, we must do more - and quickly - to get prices down here in the United States."

    Multiple White House officials - including Transportation Secretary Pete Buttigieg, Energy Secretary Jennifer Granholm, and President Biden himself - have argued that high gas prices will accelerate a transition to green energy.

    "When we have electric cars powered by clean energy, we will never have to worry about gas prices again," the White House said on social media. "And autocrats like Putin won't be able to use fossil fuels as weapons against other nations."
Go Back

HbAD0

Latest Op-Ed & Politics

The trouble with socialism is that you eventually run out of other people's money
A key measure of inflation rose to a new 40-year high in June, according to new data, marking troubling news for Americans as the economy officially entered a recession on Thursday.
CDC Director Rochelle Walensky said during an interview on Sunday that “there is a plan” to get unvaccinated essential workers “education and counseling” so they will feel comfortable getting vaccinated.
N.C. Republican Congressional delegation outraged at FBI raid on former President Donald Trump's Mar-a-Lago home in Florida.
A federal magistrate judge has ordered the Department of Justice (DOJ) to respond to requests to make public the warrant authorizing the FBI’s unprecedented Monday raid of former President Donald Trump’s residence.
New Zealand Prime Jacinda Ardern smiled during an interview late last week when saying that she was effectively creating two different classes of people in her country that have different levels of freedom depending on whether they are vaccinated.

HbAD1

On Tuesday, Democrats filed an emergency motion to stay federal Judge James Dever’s decision last week to order the North Carolina State Board of Elections to place the Green Party’s candidates on the ballot.
Communist China threatened to shoot down Democrat House Speaker Nancy Pelosi’s (D-CA) plane on Friday if the 82-year-old lawmaker tries to visit Taiwan.
those 87,000 new auditors will be hard asses
China accused the White House of lying when it claimed President Joe Biden pressed Chinese President Xi Jinping on the country’s systematic abuse of Uyghur Muslims when the leaders spoke by phone Thursday morning.
Former President Donald J. Trump was seen fleeing on a golf cart while shouting defiantly at federal agents Monday. Witnesses claim he led authorities on a daring chase that reached speeds of up to 30 Mph.
Sen. Rand Paul (R-KY) slammed Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases and the Chief Medical Advisor to the President, on Sunday over a new letter from the National Institutes of Health (NIH)
Disgraced star Will Smith finally broke his silence on what occurred between him and wife Jada Pinkett Smith before Smith walked on stage at the 2022 Oscars and struck Chris Rock in the face.
As students head back to campus this month, school safety is a growing part of the equation facing administrators and parents.
Immigration and Customs Enforcement (ICE) agents found 73 illegal immigrants in homes believed to be operated by human smugglers in an affluent area of Washington D.C.

HbAD2

 
Back to Top