Biden executive: Families will pay $450 for gas this year

Americans will pay $450 more for gas in 2022 than last year, adjusted for inflation. The Energy Information Administration (EIA) awarded points this week.

“The share of disposable personal income focused on fuel spending increased in 2008, shortly before the onset of the global financial crisis when oil prices were at an all-time high,” the agency said. in the short-term forecast report for energy prices.

Fuel prices rose another four cents overnight to an all-time high of $4.95, according to AAA data. Prices rose 28 cents a week and 64 cents a month. Prices have doubled since Donald Trump left office.

According to a JPMorgan commodities analyst, prices are expected to rise above $6.00 per gallon before Labor Day. Prices in California average over $6. It hovered around $5 per gallon in eighteen states.

Michigan Democratic Senator Debbie Stabenow boasts that she “drives” every gas station in her brand new electric car, “and it doesn’t matter how loud it is. [gas] moon. ”

The average cost of an electric car is over $56,000. pic.twitter.com/2TJbrgClwo

– RNA Research (@RNCResearch) June 7, 2022

Donald Trump in 2020 warned He’s telling voters that if Biden wins the presidential election, gas prices will reach at least $7 per gallon. “If Biden gets there, you’ll pay $7.8.9. Then, “Get the car out!” they will say.

Energy Minister Jennifer Granholm told reporters on Thursday that American drivers will have to pay at least $4 per gallon for the foreseeable future. “Gas prices are likely to remain above $4 per gallon,” he calculated, based on Department of Energy data.

The Biden administration’s energy policy has increased gas prices. These measures include increasing the cost of private and public financing for oil drilling, stopping drilling on public land, and closing the Keystone pipeline. Instead, Yellen attributed the price increase to the coronavirus and the war in Ukraine.

Despite Biden’s battle against American energy, Treasury Secretary Janet Yellen said on Tuesday that the Biden administration has exhausted options to cut energy costs for American citizens. “The administration has done everything it can to drive down energy prices,” he said.