President Joe Biden’s administration promised to show America what a green energy future would look like. They just didn’t mean to do it like this.
For two straight days, the United States set record average prices for gasoline, according to data from the AAA.
On Tuesday, the average price of gas was $4.17 a gallon. That beat the record of $4.11 back in 2008.
That record only lasted for a day. On Wednesday, thanks to tensions with Moscow and a U.S. ban on Russian oil imports, the price rose again to $4.25.
While the conflict in Ukraine is responsible for some of the price increase, that’s not the only motivating factor behind the record prices.
As Republicans have pointed out, prices have skyrocketed since the current president took office in January of 2021.
⛽This is a Biden price hike.
Don't be fooled by this Administration's Washington spin. Gas prices have been increasing under @POTUS since the day he took office.
Biden’s anti-energy policies have slashed U.S. energy production. pic.twitter.com/baN8Q1pT6z
— Oversight Committee Republicans (@GOPoversight) March 9, 2022
As Sen. Ted Cruz pointed out in a tweet, “Gas prices have increased 48% under Biden—BEFORE RUSSIA INVADED UKRAINE.”
This, as the Texas Republican noted, had quite a bit to do Biden’s decision to halt construction on the Keystone XL pipeline, stop new leases on energy exploration on federal lands and cancel energy leases in the Arctic National Wildlife Refuge.
This is a flat-out lie.
Gas prices have increased 48% under Biden—BEFORE RUSSIA INVADED UKRAINE.
Biden did that.
That’s bc Biden:
– killed Keystone pipeline.
– froze federal leases.
– shut down ANWR
All, while Biden waived sanctions on Putin’s pipeline. https://t.co/RiBgpX1n9s
— Ted Cruz (@tedcruz) March 8, 2022
Yet, Biden has insisted he can’t do anything about it.
“They’re going to go up,” Biden said regarding the rise in gas prices. “Can’t do much right now … Russia is responsible.”
Despite this, the Biden administration is trying to mitigate the price hikes, albeit without producing more energy at home and after prices had already spiked.
“Last week, the International Energy Agency released from its 31 member countries’ strategic reserves, including the U.S., Germany, Canada, South Korea, and Mexico, to help counter the impact of rising crude prices,” WJZ-TV reported.
“These members committed to releasing 61.7 million bbl total – half of which is expected to come from the U.S. – the largest coordinated release since IEA was founded in 1974, AAA says.”
In addition, the Biden administration has been potentially looking toward other pariah regimes for oil. Transportation Secretary Pete Buttigieg said “all options are on the table” when asked about buying oil from Iran and U.S. officials traveled to Venezuela over the weekend to meet with the regime there. While it’s unclear what the visit was about, Venezuela is a major oil producer that’s been sanctioned by the United States since 2019.
In the meantime, however, gas prices continue to rise — and there’s likely to be some new, ugly records set the longer the conflict in Ukraine lasts.