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Psaki tells Americans to ‘be aware’ that higher gas prices is a possibility

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Jen Psaki

The ever sympathetic Biden administration is warning Americans to prepare for higher gas prices. During a press conference, White House press secretary Jen Psaki admitted already high gas prices will likely climb even higher after Biden’s announcement of sanctions against Russia.

Multiple reporters asked Psaki about the burden of high gas prices because the sanctions target ”Russian oligarchs and certain banks and aim to cut off the country from western financing” reports National Review.

Germany also cancelled operation of the Nord Stream 2 pipeline, which was built to supply European nations with natural gas from Russia. The cancelled operation was meant to be punishment for Russia’s aggression towards Ukraine.

A reporter asked, “So, Americans should expect higher gasoline prices?” to which Psaki replied, “Yeah, energy prices, exactly that’s what we want the American public to be aware is a possibility.”

Biden announced the “swift and severe” sanctions less than 24 hours after Russian president Vladimir Putin declared two separatist regions in Ukraine’s eastern flank independent republics and Russian troops started deploying to occupy the zones under the auspices of “peacekeeping” writes National Review.

Another reporter asked, “When can we expect a more detailed explanation from the White House about how it would plan to bring down energy prices?”

Psaki replied, “A lot of what’s happening right now is sensitive. It includes a lot of conversations with foreign counterparts and other major large global suppliers. It also includes conversations we’re continuing to have with Congress and others about what steps may be at our disposal and the president is continuing to consider options.”

“Why should Americans feel that that is a cost they should have to bear and that should affect their lives and how much should they be prepared for this geopolitical crisis to impact their day to day lives?” another reporter asked.

Psaki stated penalizing Russia for violating Ukraine’s territorial integrity is about standing up for our “values” and “principles” as a nation while acknowledging that it will not be painless for Americans. She said Biden is in consultation with his national-security team to “leave no stone unturned” and “tap into the resources of global suppliers” to “reduce the impact on the American people.”

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8 Comments

8 Comments

  1. Kim

    February 26, 2022 at 10:06 am

    What a crock of BS! If the dipshit in the WH hadn’t shut down our own resources for gas we would not be having this issue. The Libtards just want to crush America.

  2. teresa

    February 27, 2022 at 9:59 am

    thanks joe!!!! you are a mess and you have this country in a mess – please impeach this m o r o n – bring trump back

  3. teresa

    February 27, 2022 at 10:38 am

    thanks to the buffoon everything is higher now, he’s a mess and should be impeached. of course any one without common sense wouldn’t agree! can you say stupid

  4. BooBots

    February 28, 2022 at 1:27 am

    Gosh, Psaki, we had no idea. Who could possibly know that Biden’s ineptitude, destroying America’s Energy Independence, would wreak havoc at the gas pump?!

  5. GrammyLinda

    March 3, 2022 at 7:36 pm

    So if Biden wants to REALLY hurt Russia, he must STOP BUYING OIL from Putin’s Russia! Buying oil from Russia is supporting Russia and the Ukrainian invasion! We need to be oil independent again! Biden won’t do it because he’s a far left liberal. Biden is THE WORST PRESIDENT EVER!

  6. Linda Tincher

    March 6, 2022 at 6:28 pm

    No kidding Peppermint Patty. Are you tryong to tell us something we already know? All of you Democrats are a disaster!!!

  7. Gary Easterling

    March 16, 2022 at 4:59 pm

    The last I checked the USA is part of the globe and if we reactivated our own oil resources: we could supply our own needs and shutdown the dependency of others on Russian oil. If Putin can’t sell oil, he can’t fund his war!

  8. Cat B

    March 18, 2022 at 7:26 pm

    Why rely on foreign governments when we have the ability here at home. Is Biden looking for another payday for himself and Hunter?

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Economy

Report: April 2022 Inflation Was Worse Than Expected

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The inflation crisis continued to worsen in April, according to new data released by the Bureau of Labor Statistics on Wednesday.

“The consumer price index, a broad-based measure of prices for goods and services, increased 8.3% from a year ago, higher than the Dow Jones estimate for an 8.1% gain,” CNBC reported. “That represented a slight ease from March’s peak but was still close to the highest level since the summer of 1982.”

According to the new CPI report, inflation “increased 0.3 percent in April on a seasonally adjusted basis after rising 1.2 percent in March… The all items index increased 8.3 percent for the 12 months ending April, a smaller increase than the 8.5-percent figure for the period ending in March. The all items less food and energy index rose 6.2 percent over the last 12 months. The energy index rose 30.3 percent over the last year, and the food index increased 9.4 percent, the largest 12-month increase since the period ending April 1981.”

Due to the rising inflation rate, the real wages of American workers continued to fall over the last year. According to a separate report from the Bureau of Labor Statistics, the “Real average hourly earnings decreased 2.6 percent, seasonally adjusted, from April 2021 to April 2022. The change in real average hourly earnings combined with a decrease of 0.9 percent in the average workweek resulted in a 3.4-percent decrease in real average weekly earnings over this period.”

As noted by CNBC, “Markets had been looking for signs that March’s 8.5% CPI reading would mark the peak in pandemic-era inflation.”

However, the new April report showed that “this is another upward inflation surprise and suggests that the deceleration is going to be painstakingly slow,” said Seema Shah, chief strategist at Principal Global Investors, according to CNBC.

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Economy

Gas Prices Hit All Time High Of $4.37 Per Gallon

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Gas Prices

Gas prices have surged to a new record high of $4.37 per gallon, surpassing a previous record set March 11, according to the American Automobile Association (AAA).

“With the cost of oil accounting for more than half of the pump price, more expensive oil means more expensive gasoline,” AAA spokesperson Andrew Gross said in a statement. “These prices are creeping closer to those record high levels of early March.”

As AAA explained in a new report, new data from the Energy Information Administration (EIA) shows that “total domestic gasoline stocks decreased by 2.2 million bbl to 228.6 million bbl last week. However, gasoline demand increased slightly from 8.74 million b/d to 8.86 million b/d. Increasing gas demand and rising oil prices have pushed pump prices higher. Pump prices will likely face upward pressure as oil prices remain above $105 per barrel.”

As gas prices reached record highs in March, Democrat President Joe Biden warned that they were going to continue to “go up,” but he said that he “can’t do much right now. Russia’s responsible [for the rising gas prices.]”

It should be noted that gas prices rose nearly 50% during Biden’s first year in office; rising from $2.42 per gallon in January 2021 to $3.41 per gallon in January 2022 – a month before Russia launched its invasion of Ukraine.

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