Gas hits 7-year high as Biden’s ‘transient’ inflation drags on



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The average price of a gallon of regular unleaded gasoline in the United States hit a seven-year high this week, according to the latest AAA data showing the going rate is $ 3.22 per gallon, a cost not seen since this month in 2014. In some states the cost per gallon is even higher like in California where the average price is now $ 4.42. In some metropolitan areas, gas costs more than $ 5 a gallon.

Just a year ago, the average price for a gallon of regular unleaded gasoline was just $ 2.18, according to AAA. The current price spike to near-decade highs comes amid inflation caused by the economic policies of the Biden administration and belies the president’s claim that the price hike is just a blow of “transient” or temporary luck caused by the rebound in the economy following the impacts of the Wuhan coronavirus. Now more than eight months after the start of the Biden administration, the president has failed to rebuild the economy “for the better.” From the gas pump to the grocery store, construction costs to rent, Americans’ wallets continue to suffer in rapid succession as a result of extended unemployment benefits, self-inflicted supply shortages and other economic policies. Biden.

The president, in addition to his inflationary policies, has taken several steps that have reduced US production and processing of oil, gas and other petroleum products. The Keystone XL pipeline project, for example, didn’t even survive its first 24 hours in the office.

In August, President Biden’s plea to OPEC to release more supplies failed as the leader of the free world failed to secure more fuel for his country after bringing America back. from a country independent of energy to a country dependent on other countries. At the time, the Organization of the Petroleum Exporting Countries rejected Biden’s demand for more oil, saying its member countries “and allies, including Russia” – conveniently – think markets “n ‘don’t need more oil than they plan to release in the coming months. , despite pressure from the United States to add supplies to control rising oil prices. “

Well, now that the price of oil has gone up, Biden has failed to solve the supply problem – largely because he is unable to do so after making America dependent on it. energy – and now Americans pay the most when they need to refuel since 2014, when Biden was last in the White House as vice president.



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