President Joe Biden and other White House officials are awkwardly patting themselves on the back as gas prices have seen a minor decline – ignoring the fact that prices are still up more than $2 since he became president.
At the time of President Biden’s inauguration, the national average price of gasoline was $2.38 per gallon. By the time Russia invaded Ukraine that average had already risen to $3.53 per gallon.
Thanks to poor leadership and an energy policy designed to attack domestic producers, prices surpassed $5.00 per gallon in early June before subsiding to $4.49 per gallon as of this week – which Biden seems to think is worth celebrating.
Burying any mention of the fact that prices are still a lot higher than when President Trump was in office, Biden argued that his “actions are working” and “prices are coming down” — especially due to his dangerous release of the country’s strategic reserve oil which you may remember saw China score millions of barrels of American oil.
Jared Bernstein, a member of Biden’s Council of Economic Advisers, claimed that the administration’s policies have produced “a bit of breathing room in making ends meet” as the market observes “the fastest decline in retail gas prices in a decade.”
According to Bernstein, “At current prices, the average American driver will spend about $25 per month less on gasoline than they would have if prices had stayed at their June peak,” not exactly a number that helps severely struggling Americans.
One reporter actually called out Bernstein, saying that the administration is essentially saying “when they rose, it was Putin’s fault,” but “when they’re coming down, [Biden] gets the credit.”
“I very much disagree with that framing,” a frustrated Bernstein responded. “I think what’s happening here is a president who is working tirelessly to address the largest constraint — probably the toughest constraint — facing American households right now: the budgetary impacts of these elevated prices. And we’re showing you here today some real results, partially — that partially derived from concrete efforts he’s taken.”
As the president attempted to deceivingly convince the masses that his short term energy policy has been effective, Florida Republican Governor Ron DeSantis hammered Biden over this blatant lie.
“How come it’s wrong to produce our own oil and gas here, but you can go to Saudi Arabia and fist bump to try to get it from Saudi?” DeSantis asked during a press conference. “I mean, it makes no sense that we wouldn’t do it. We have opportunities here to be energy independent and not have to worry about any of these other countries. And yet they’re intentionally not doing it and you can’t run a modern economy on windmills. You just can’t do it.”
“And so now we’re in a situation where they’re bragging that gas has gone down over the last however many weeks, it’s still over four bucks! Like I had never seen it over $4 in my whole life living here,” DeSantis continued.
“It’s just when you’re cranking the printing presses, you’re making energy more expensive. You know, that creates an upward pressure on all of this stuff. And so the acceleration from May to June that we saw at the end of June, not only was — they said it wouldn’t happen, then they said it was a blip, and they said it would peak soon. It still didn’t peak even after that. And so that’s really making it difficult for a lot of people, you know, to make ends meet.”
DeSantis added that any gains that people may come by in their personal finances are likely “wiped out immediately with the Bidenflation.”