The Briefing Room
General Category => Economy/Business => Topic started by: mystery-ak on October 27, 2022, 08:08:45 pm
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October 27, 2022 3:11pm EDT
White House does victory lap on gas prices while other energy prices skyrocket
Utility gas service prices increased 33.1% in September and home heating costs are expected to rise another 17.8% this winter
By Thomas Catenacci FOXBusiness
President Biden and top White House officials have loudly celebrated declining gasoline prices in recent days even as other energy prices are expected to rise throughout the winter.
Biden and Ron Klain, the White House chief of staff, have posted multiple tweets taking credit for recent price declines at the pump. White House press secretary Karine Jean-Pierre said gas prices have come down thanks to the president's actions.
"We see gas prices… has come down about $1.25 a gallon because of the work that this President has done," Jean-Pierre remarked at a press briefing Wednesday. "Let’s not forget the Inflation Reduction Act that only Democrats voted on, and that’s going to lower health care costs, that’s going to really put – put in a great effort in fighting climate – climate change and also lower energy costs."
Klain, meanwhile, sent multiple gas price-related tweets on Thursday morning including one saying it was "time to update the narrative" with a link to an article about prices falling. The average price of gasoline nationwide fell to $3.76 per gallon on Thursday, about 11% higher than its level a year ago and 51% higher than it was when the president took office in January 2021, according to AAA and federal data.
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https://www.foxbusiness.com/politics/white-house-victory-lap-gas-prices-while-other-energy-prices-skyrocket
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I went to the grocery store and got 8 gallons of gas today. These people are full of it, to put it kindly.
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Gas prices are still up, compared to a few weeks ago. Where I live, they went from around $3.23 to 3.69 to 3.53 in the space of less than a month. To celebrate this as a "decline" in prices is ludicrous.