Biden’s Plan to Reduce Gas Prices Proves to Be a Miserable Failure

AP Photo/Seth Wenig

How’s that working, Joe Biden’s plan to drop gas prices?

About as well as the non-existent plan that he ran on to defeat COVID.

The average price of gas in the U.S. just hit its highest mark ever — $4.37 a gallon, according to AAA.

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Now, that’s the average. In some places, like California, that average would look like Nirvana if they got to see those prices again. The state average there is approaching $6.00. It’s up $1.41 since last year and 17 cents since last week.

This, despite Joe Biden’s claims that he’s doing something about it by depleting our emergency supply. Biden announced in March that he would be releasing 180 million barrels — one million barrels a day for six months — the largest release since the reserve was created back in 1974. But we see how unsuccessful that has been because it’s not addressing the problem. It’s just emptying our savings account so if we truly hit an emergency, we’ll be up a creek without a paddle. Biden also said that the EPA would be allowing the sale of E15 gasoline — ethanol-blended gasoline to supplement the supply. He was hoping that would bring the prices down just before the election, even if they might shoot up afterward. But that hasn’t worked.

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Joe Biden has blamed Vladimir Putin and the war in Ukraine, despite the fact that the prices began going up long before the war. So far, nothing that he’s done has resolved the basic problem as the prices continue to rise. That’s because the whole orientation since he came in has been anti-energy including things like shutting down pipelines and trying to end drilling on federal lands. They’re not concerned about the pain, the pain is the point — to get people to stop using fossil fuels.

From Fox Business:

According to Yardeni Research, increased oil costs suggest the average American household will pay almost $2,000 more for gasoline in 2022, according to a March research note.

“In addition, we estimate that the average household is currently spending at least $1,000 [according to a seasonally adjusted annual rate] more on food as a result of rapidly rising grocery prices,” Edward Yardeni, the president of the firm, wrote on LinkedIn. “That’s $3,000 less money that households have to spend on other consumer goods and services, which also are experiencing rapid price increases.”

I’m inclined to think that might be a conservative estimate, particularly as everything continues to rise.

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Here’s a reminder at the beginning of this video about how Senate Majority Leader Chuck Schumer chastised President Donald Trump for gas prices back in 2018 when the average was under $3.00 (although Schumer was standing in front of a sign that had a higher price). Schumer was calling on him to do something, saying that “mostly it was the president” who held the cards so that’s why they were pressuring him to do something.

According to the U.S. Energy Information Administration, it was under $3.00 for Trump’s entire term and even dipped under $2.00 in 2020. Notice how silent Schumer is now about pressuring Joe Biden.

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