How Biden Raised Gas Prices Without Anyone NoticingThomas Catenacci
Energy & Environment Reporter
March 27, 2022 8:24 PM ET
U.S. pump prices have surged throughout President Joe Biden’s tenure in office, even as Democrats continue to blame the spike on Russia’s invasion of Ukraine and Big Oil companies.
The average price of gasoline nationwide increased a whopping 48.4% between Biden’s January 2021 inauguration and Feb. 21, three days before Russian President Vladimir Putin invaded Ukraine.
“We haven’t had a federal lease sale in North Dakota in over a year,” Republican North Dakota Rep. Kelly Armstrong, a member of the House Energy and Commerce Energy Subcommittee, told the Daily Caller News Foundation in an interview. “These are real things — that you are sending signals, not just to energy companies, but also to Wall Street.”
President Joe Biden and Democrats have blamed the continued gasoline price surge on Big Oil and Russia’s invasion, but pump prices have climbed throughout his tenure.
While Russia’s invasion of Ukraine has destabilized global energy markets, causing an historic supply crunch, high gasoline prices have been the norm throughout Biden’s first 14 months, federal data showed. Experts have blamed the high prices on the administration’s energy and climate policies disincentivizing domestic fossil fuel production.
Since Russia’s invasion, gasoline prices have increased more than 20%, from $3.53 per gallon to $4.24 per gallon, according to the Energy Information Administration. However, pump prices increased a whopping 48.4% between Biden’s January 2021 inauguration and Feb. 21, three days before Russian President Vladimir Putin ordered troops into Ukraine.
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https://dailycaller.com/2022/03/27/joe-biden-gasoline-prices-oil-natural-gas-russia-ukraine/