Gas prices have doubled since Biden took office, while the president denies his policies are to blame
As inflation ravaged America, the country reached a grim milestone in continuing skyrocketing gas prices.
The price for a gallon has doubled since President Joe Biden took office in January 2021. At the time, the average gallon of gas cost you $2.39, but as of Saturday, that same gallon now costs $4.81, according to AAA†
But in some places it is much higher. At a Chevron gas station in Mendocino, California, nearly $10 was charged Friday for a gallon of regular gasoline.
That price is even five cents higher than on Friday alone, as Republicans continue to hammer the current administration at the pump.
“Joe Biden’s war on American energy has forced families across the country to empty their wallets to fill their tanks,” Republican National Committee chairman Ronna McDaniel said in a statement.
Earlier Saturday, gas prices rose to nearly $10 a gallon in parts of California as costs continue to climb.
The price for a gallon has doubled since President Joe Biden took office in January 2021. At the time, a gallon cost you $2.39, but as of Saturday, that same gallon now costs $4.81
Biden White House has continued to dismiss blame, calling rising prices ‘Putin’s price hike’ over Ukraine war
“Joe Biden’s war on American energy has forced families across the country to empty their wallets to fill their tanks,” said Ronna McDaniel, chair of the Republican National Committee.
“Unfortunately, Biden is doubling down on his disastrous agenda because he’s not the one paying the price — the American people are,” she added.
Meanwhile, the Biden administration has refused to blame inflation.
Earlier this week, press officer Karine Jean-Pierre continued to try to use the phrase “Putin’s price hike” for increasing pressure on Americans’ wallets.
His policies have helped the economy get back on its feet. That’s what his policy has, his policy has done,” said Jean-Pierre. “Now when we talk about gas prices, this is indeed Putin’s gas increase… We’ve seen a rise of about 60 percent in recent months because of the aggregation and his invasion of Ukraine.”
Also this week, Biden’s White House applauded the Organization of the Petroleum Exporting Countries (OPEC)’s recent efforts to ramp up oil production to fuel the country’s refineries — whose stockpile has reached crisis levels in recent weeks. reaches.
Gas prices have risen to nearly $10 a gallon in parts of California, such as prices at the Mendocino gas station, as costs continue to climb to new highs amid unprecedented inflation. The numbers serve as the highest recorded gas prices in US history
Pictured is a person at a pump in Pelatuma, California, where gas prices have already crossed $6
The oil coalition agreed on Thursday to increase its production by 648,000 barrels per day (bpd) per month in July and August — instead of the 432,000 officials previously promised.
However, US refinery inventories remain tight. On Thursday, a weekly US inventory report showed crude oil inventories had fallen by more than expected 5.1 million barrels. Petrol stocks have also fallen to dangerous levels.
All the while, demand for fuel has continued to rise — most recently due to China’s business center Shanghai and the capital Beijing easing COVID restrictions after strict lockdown orders that have lasted for months.
The Chinese government has since vowed to boost the global economy.
Experts, meanwhile, remain adamant that costs will continue to rise over the summer, warning that the national average is likely to be surpasses $6 for the fall — prompting many would-be travelers to stick around during the typically rampant driving season.
States like Washington have been similarly affected by the crisis – a result of the Russian invasion of Ukraine and rising inflation rates – and the state now has an average of $5.31.
High inflation under the Biden administration has further exacerbated the problem of rising fuel costs. Inflation started rising in April 2021 and has since risen above 8 percent
California continues to lead the nation, with some pumps hitting $8 in Los Angeles on Friday (pictured)
Diesel prices have also risen — more than 80 percent from last year — at about $5.58 a gallon, also an all-time high.
Biden bragged about the economy’s performance on Friday, saying Americans have felt “financially more comfortable” since he took office, despite 40 years of high inflation and record gas prices across the country.
Biden pledged to continue trying to cut costs in his comments on a report from the US Bureau of Labor Statistics showing that the labor market slowed by 390,000 jobs in May, while the unemployment rate remained unchanged at 3.6%.
Economists hailed the figure as healthy and Biden said it showed “stable, steady growth.”
“America is in a stronger economic position today than just about any other country in the world,” he said in comments in Rehoboth Beach, Del., where he will be spending the weekend. Independent experts have predicted that the US economy could grow faster than China’s economy this year. That hasn’t happened since 1976.’
Biden argued that economic stability puts the United States in a “strong position to tackle a clear problem: inflation.”
The west and east coasts are the hardest hit. The average price of a gallon of gasoline in New York is $4.82, with some pumps — especially near the city — hitting $5 (pictured)
Shelves are empty at a Walmart store during a baby food shortage that has also plagued the Biden administration
He again blamed the high cost of food and gas on Russian President Vladimir Putin’s invasion of Ukraine. But he also acknowledged that his government was to blame.
“I understand that struggling families probably don’t care why prices are rising. They just want them to go down,” Biden said.
The price of food is soaring and on Thursday, average nationwide gas prices hit a new high of $4.71 — with seven states above $5.
He said his government would work to help people save money in other areas, such as utility bills, internet services and prescription drugs.
“If food and gas prices go up because of Putin’s price hike, we can make things a little better for families by helping them save on other basic items that their families need every month, like their energy bills, their internet bills, their medicine bills.” on prescription and other costs such as housing,” he said
“My goal is to make sure families have a little more breathing room at the end of the month than they do now.”
Joe Biden bragged on the economy’s performance on Friday, saying Americans have felt “financially more comfortable” since he took office, and vowed to lower gas and food prices.
Polls show that US voters view inflation as one of their top concerns and many are critical of Biden’s approach to the issue, which worries Democrats ahead of November’s midterm elections.
The number of jobs in May was the lowest growth rate in a year, but the numbers still exceeded expectations.
Economists predicted a number to fall below the 428,000 jobs added in both March and April, but the number expected for May was 325,000.
The number of 390,000 jobs exceeded that. while it is Considered healthy as a healthy number of jobs, it ends the record-breaking 12 consecutive months in which job growth had surpassed 400,000.
The figure is seen as a reflection of a still healthy labor market, despite concerns that the economy will weaken after the Federal Reserve raises a key interest rate to fight inflation.