As the most reliable and balanced news aggregation service on the internet, DML News App offers the following information published by DAILYCALLER.COM:
The Biden administration has insisted that record-breaking gasoline prices are solely caused by Russia’s war in Ukraine. The claim is false and “laughable,” economists told the Daily Caller.
The White House often describes higher prices at the pump as “Putin’s price hike,” but prices were going up steadily after President Joe Biden took office. The price already increased by 55%, rising from a U.S. average of $2.11 when Biden took office to $3.51 the day before Russian President Vladimir Putin decided to invade Ukraine, according to Forbes.
Tune in as I deliver remarks on Putin’s Price Hike and our actions to support farmers and food processors, lower their costs and lower prices for families. https://t.co/QEQqFBspSI
— President Biden (@POTUS) May 11, 2022
The article goes on to state the following:
“The ‘Putin’s price hike’ is laughable – and you can tell because no matter how hard they try to advance this particular little bit of propaganda absolutely nobody but White House spokespeople use the word,” John Cochrane, a Hoover Institution senior fellow, told the Caller.
Ruger told the outlet: “Inflation is the problem. We have more money essentially chasing the same number of goods.”
Ruger also pointed to a lack of supply to meet increased demand after the COVID-19 pandemic as another major factor.
David Kreutzer, senior economist at the Institute for Energy Research, said Biden was waging an “all-fronts war on oil and gas.” Kreutzer said “virtually every step” the Biden administration took “was the opposite of what needed to be done.”
“At least early on in the price run-up, drilling activity was comparatively muted. Cancelled leases, cancelled pipelines, proposed regulations to penalize lenders that financed fossil-energy businesses all dampened production responses that would be putting oil and gas on the market today,” Kreutzer told the Caller.
The U.S hit another record high on Thursday with the national average for gas reaching $4.600 per gallon.
The national gas price average reached $4.60 on Thursday, reflecting a nearly 47-cent increase in the last month. For greater perspective, the national gas price average stood at $3.035 one year ago.
Several states are experiencing prices higher than the national average. Those states include Pennsylvania, New Jersey, New York, Illinois, Vermont, New Hampshire, Maine, Connecticut, Massachusetts, Arizona, Utah, Idaho, Wyoming, Hawaii, Alaska, Nevada, Oregon, Washington, and California, the last of which has the highest gas price average in the nation — $6.070.
Industry experts are only expecting the situation to worsen over the “cruel summer,” predicting average gas prices well over $6.00 per gallon.
“Putin’s price hike” is genuinely some of the most cringe shit I’ve ever heard in my life
— Saagar Enjeti (@esaagar) May 12, 2022
Gas prices are 51% higher than last Memorial Day weekend, and 135% higher than during Memorial Day weekend in 2020.
— RNC Research (@RNCResearch) May 27, 2022
OPINION: Biden’s energy policies do nothing to increase supply as gas prices break recordshttps://t.co/ansDeXQ4UH
— Fox News (@FoxNews) May 28, 2022
WATCH → Biden refers to the skyrocketing gas prices as an “incredible transition.”
They’re saying the quiet part out loud now.
They’re causing you pain at the pump because it’s all part of their radical agenda. pic.twitter.com/XOD0P243vC
— Steve Scalise (@SteveScalise) May 23, 2022
The Biden White House response to record high gas prices is to try to shift the blame to everyone but themselves. pic.twitter.com/23bhJG4Wxx
— Senator Ted Cruz (@SenTedCruz) May 24, 2022
Today marks 11 straight days of record-breaking gas prices. Getting to work, running errands, and hitting the highway for a modest family vacation all costs 88% more at the pump than it cost when President Biden put his hand on that Bible.
— Leader McConnell (@LeaderMcConnell) May 20, 2022
On Biden‘s first day in office, gas prices were $2.39. Today, gas prices are the highest in American history. This was all planned.
— Kambree (@KamVTV) May 24, 2022
To get more information about this article, please visit DAILYCALLER.COM.
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