The Biden administration has done almost nothing to bring prices down, it’s simply market corrections and the much lower use of gasoline. They’ll still take credit while doing some gaslighting
Gas prices: ‘Prices are coming down,’ says Biden official
Despite the Consumer Price Index (CPI) rate surging 9.1% in June, White House officials expect sticker prices, including gas prices, to decline as the administration tries to combat inflation.
Brian Deese, director of the National Economic Council, told Yahoo Finance that the recent CPI report indicating an energy price hike of 41% did not reflect July’s easing prices. “The numbers that came out [Wednesday, July 13], are outdated in the sense that they don’t reflect the significant decline in oil prices and gas prices that we’ve seen.”
Gas prices continued to dip this week as the nation’s average dropped $0.38s to $4.63 per gallon on Thursday compared to a month ago. Deese said the fall reflects a steady downward trend in energy costs since early July. “Prices are coming down. They [gas costs] are down 40 cents nationwide. There are about 10,000 gas stations around the country where gas is now under $4 a gallon.”
And there around 135,000 stations in the U.S. where it is not below $4 a gallon. Unsurprisingly, where it is below it’s all in deep Republican areas
However, Deese emphasized that prices are still too high across the board and recognized that “we [Biden administration] need to keep acting urgently to bring prices down.”
And do what, Blamestorm Putin? Ask other countries to provide unrefined oil rather than producing on American soil? There’s still the problem with refining capacity.
Deese said the Biden administration is prioritizing efforts to decompress crude prices by working to stabilize a supply chain that was disrupted by the Russian oil ban.
“From our perspective, we’re focused on doing what we can to keep that dynamic going. That’s about increasing global supply. That’s what the president was focused on with the G7 in trying to work toward what we refer to as a price cap on Russian oil. That would maintain stability in the global supply of oil while really focusing the economic pain on Vladimir Putin,” he said.
See? What, exactly, would that do? It’s just political babble with no real world consequences.
Deese also touted the administration’s release of oil from the Strategic Petroleum Reserve and its call on Congress to to pass a gas-tax holiday. Some critics, however, say the release of 1 million barrels per day is a drop in the bucket and gas-tax relief is unlikely to pass.
Gimmicks.
(Beaumont Enterprise) There are a few reasons why gas prices may be coming down, according to different experts. An increase in production and a decrease in the price of crude oil, the fear of economic slowdown as the Federal Reserve raises interest rates and a dip in demand for gasoline have all contributed to the recent decline.
So, nothing that the Biden admin has done. And, the Biden admin essentially ignored the issue when it started to appear. And, many expect the prices to jump back up in October, with the Washington Post concerned that it could hurt Democrats for the mid-terms.
Thanks to President Biden for lowering US gasoline prices!!
Especially, since according to the always conspiratorial right-wing media, he raised global gas prices on purpose to help Elon Musk sell electric cars!
Being an irrational commie loving pedo supporter you may not have noticed gas prices are still 70% higher than when the Pedo president stole office.
What “right wing media” are you referring to? There is no such thing. But it was amazing how fast you long time leftist Musk suckers flipped and threw him under the bus once he stated he wanted to buy asocial media company and turn it into Freed Speech. Can’t have none of that now can you. EVERYBODY must think alike on your team.
FJB that child abusing pimp.
Dear Elwood:
Stupid is as stupid writes.
What doesn’t make sense is why President Biden raised THEN lowered gasoline prices!!
Is the belief/feeling that the President raised global gasoline prices to force people into EVs, but lowered prices to help with mid-term elections? Sounds like a genius political move!
“Genius” political move. There in lies the truth of a liberal. Everything to win the next election and gain more power and move us closer to socialism and tyrannical government. To hell with the human cost of manipulating peoples lives.
Our distinguished host quoted:
The Secretary of Transportation might disagree with that.
In fact, much of the elitist left would probably disagree with that, though they would keep their mouths shut until November 9th.
Our Betters know that we must all be forced into plug-in electric cars, and higher gasoline prices increase the pressure for people to buy, or at least consider, such vehicles . . . if they can find them, and if they can afford them. Oddly enough, the people who can afford them are also the people least hurt by higher gasoline prices.
They ain’t no Brandon officials.
Riangford,
Now Jeff or Elwood as he now calls himself will start calling you names.
Who cares what he does?
He’s a tired old joke.
True. POS old joke. Although he mental capacity is greatly diminshed.
Correction diminished.
Lindzen and Happer, both 82, and emeritus professors have long voiced their own unsupported hypotheses of global warming. BTW, Dr Lindzen was not and is not a Princeton professor.
Thousands of other climate scientists disagree with them.
Notice reference to age, as if that means that they are mentally incapacitated even though Biden is much worse. Then the lack of professor, something Jeff lacks, again a stab at discrediting the person. And, it matters little if other scientist hold opposite opinions, the fact is there is no proof to go along with policy. Jeff has long been here and never proven the case for climate change.