Gas prices remained above $5.00 per gallon for 7 consecutive days.
Gas prices, which rose to a record $5.04 on Wednesday, surpassed $5.00 on June 9 and never looked back.
The record high price came as President Joe Biden launched a war against US oil that included increasing private and public spending on oil drilling, halting drilling on public lands and canceling the Keystone pipeline.
Biden’s anti-energy policy is the fulfillment of a campaign promise. He told the cheering crowd in 2020 that if he becomes president, he will declare war on the American oil industry by ending drilling subsidies and studying feasibility.
Gas prices reflect their policies. According to the Energy Information Administration (EIA), Americans will pay $450 more for gas in 2022 than last year, adjusted for inflation.
“Bikers in the U.S. are now spending about three-quarters of a billion dollars more gas per day than they did a year ago,” GasBuddy says. Vote.
As Biden successfully fought the American energy carriers, he immediately accused Because American oil companies can’t produce enough products. On Wednesday, Biden sent a letter to Marathon Petroleum Corp., Valero Energy Corp., ExxonMobil, Phillips 66, Chevron, BP and Shell. He also asked them to make more oil.
Changing Biden’s communications tactics may not reduce the cost of oil. Commodities analysts at JPMorgan predicted gas prices could rise by more than $6 a gallon before Labor Day due to demand.
But White House climate chief John Kerry said on Wednesday, “We really don’t,” in response to criticism that the United States should increase oil production, calling the argument a “false narrative.”
Kerry: We “don’t really need” more oil and gas drilling.
– Benny Johnson (@bennyjohnson) 14 June 2022
The poll shows that 53 percent of voters believe Biden is trying to raise gas prices to force citizens to use less fossil fuels.
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Source: Breitbart
