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Senate Democrats Call On Biden To Work To Lower Gas Prices

Gas prices have reached their highest since 2014, with a 50% increase since Biden took office.

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Gas Prices

On Monday, eleven Senate Democrats sent a letter to President Biden urging him to “consider all tools available” to lower gas prices, which have soared since Biden took office as a result of his anti-oil policies.

“We are writing to express our support for your efforts to help families and businesses across the nation who are struggling to cope with soaring gasoline prices,” the group wrote. “We agree with your recent comments at the United Nations Climate Change Conference (COP26) that as the United States works to boost the development of clean and renewable energy over the long-term, we must ensure that Americans are able to afford to fill up their cars at the pump in the meantime.”

The Democrats noted that the gas prices have reached their highest since 2014, with a 50% increase since Biden took office.

“In our home states, high gasoline prices have placed an undue burden on families and small businesses trying to make ends meet, and have proven especially burdensome as our constituents continue to recover from the economic fallout of the COVID-19 pandemic,” the group explained.

“We share the administration’s concerns that the decision by the Organization of the Petroleum Exporting Countries (OPEC) and others to purposefully manipulate gas prices by constraining supply, as well as the choice of domestic leaseholders and producers to continue to export U.S. petroleum, threaten to send already record prices even higher,” the group continued. “Continued U.S. exports and overseas supply collusion could be devastating to many in our states, contributing to higher bills for American families and businesses.”

“In light of these pressing concerns, we ask that you consider all tools available at your disposal to lower U.S. gasoline prices,” the group concluded. “This includes a release from the Strategic Petroleum Reserve and a ban on crude oil exports. We hope you will consider these tools and others to make gasoline more affordable for all Americans.”

The letter comes as Biden administration has been considering shutting down an oil pipeline in Michigan, which would further restrict the oil supply.

“Revoking the permits for the [Line 5] pipeline that delivers oil from western Canada across Wisconsin, the Great Lakes and Michigan and into Ontario, would please environmentalists who have urged the White House to block fossil fuel infrastructure, but it would aggravate a rift with Canada and could exacerbate a spike in energy prices that Republicans are already using as a political weapon,” Politico Pro reported. “Killing a pipeline while U.S. gasoline prices are the highest in years could be political poison for Biden, who has seen his approval rating crash in recent months.”

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Economy

More Americans Seriously Concerned About Inflation Than Think Earth Is Round

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Joe Biden

A new poll found that 95% of registered American voters believe that inflation is a “somewhat serious” or “very serious” issue, which is more than the percentage of Americans who believe that the Earth is round.

The Harvard CAPS/Harris poll asked 2,000 registered voters from May 18-19 a series of questions on President Biden’s performance.

When asked, “Overall, how serious of an issue do you think inflation is for the country right now?” 27% of voters said “somewhat serious” and 68% of voters said “very serious.”

According to a 2017 national poll by Public Policy Polling, 7% of Americans either believe the Earth is flat or are not sure – meaning that it is a more outlandish belief to be unconcerned about inflation in the United States than it is to believe that the Earth might be flat.

The inflation crisis began shortly after Biden took office and steadily climbed to the highest rate in 40 years. Due to record high inflation, the real wages of American workers have fallen throughout Biden’s presidency. According to a 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.”

The 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

CNN Anchor Shoots Down Biden Official’s Attempt To Blame Gas Prices On Putin

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Joe Biden

On Monday, Biden administration economic adviser Brian Deese was shot down by CNN anchor Jake Tapper as he attempted to blame the rising gas prices on Russian President Vladimir Putin’s invasion of Ukraine.

“Today, on average, gas is costing $4.60 a gallon, that’s up more than $0.10 a gallon from last week, almost $0.50 from last month,” Tapper began. “We’re one week away from Memorial Day, should Americans be buckling up for these high prices all summer?”

Deese claimed that President Biden’s administration was working hard to quell the rising gas prices and then blamed the prices on Putin.

“We’re doing everything we can to bring those prices down. As you know, this all emanates from Putin’s decision to invade Ukraine —” Deese said.

“Not all of it,” Tapper interjected. “Not all of it. Some of it, yes.”

“Just to be really clear, since troops started massing on the Ukrainian border and there was a concern that Russian supplies would come off, we have seen prices at the pump go up to $1.50. That is the price hike that is associated with the impact of taking Russian supply off the market,” Deese continued. “So, we’re doing everything we can to bring more supply onto the market.”

During Biden’s first year in office, gas prices rose nearly 50%; 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 on February 24.

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