Gas prices have doubled since Biden took office and have become a hot-button issue for the Biden Administration.
Much of the increase in gas prices can be traced to Russia’s invasion of Ukraine threatening the global energy supply, though Biden has faced sharp criticism for his perceived inaction on gas prices, which have been a major driver of the U.S.’ highest inflation since 1981. Bidenlast month for a federal gas tax holiday, which would temporarily suspend the 18-cent per gallon federal gas tax.
just 32% of registered voters approve of Biden’s handling of the economy and 28% of his handling of inflation, both lows since he took office.99.7% That’s how much the national average price per gallon has increased since Biden took office, according to AAA.Biden attacked companies running gas stations, writing: “Bring down the price you are charging at the pump to reflect the cost you’re paying for the product. And do it now.
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CNN's Romans: Biden Blaming Putin, Refiners, and Gas Stations for High Gas Prices Is ContradictoryWhile discussing President Joe Biden blaming gas stations for high gas prices on Monday's broadcast of CNN's 'New Day,' CNN Chief Business Correspondent | Clips
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European Gas Prices Fall After Norway's Government Steps in to End Oil and Gas StrikeNorway’s government late Tuesday intervened to bring an end to an oil and gas strike that threatened to exacerbate the region’s deepening energy crisis.
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AAA: More Americans are running out of gas amid high gas pricesFrom January through April, 200,000 motorists called between January and April reporting that they ran out of gas, AAA said. While gas prices might be a factor, AAA noted that Americans are driving more than they did a year ago.
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Gas prices continue to drop around the stateAlthough gas prices are still high, they are dropping which isn't typically the case around the Fourth of July holiday.
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Big Oil profits aren’t driving gas prices, experts say, despite Biden’s ‘price gouging’ accusationsBig Oil has been the go-to boogeyman for President Biden and Democrats over alleged “price gouging,” with “Putin’s price hike” a close runner-up. But profits made by the oil industry — while at record levels — ebb and flow with global energy markets, not because the firms are manipulating costs, according to market analysts.
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SoCal gas prices set 4th of July recordPrices in LA County dropped for the 21st time in 22 days, but were still high enough to set a 4th of July record.
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