Joe Biden on gas prices:
During yesterday’s speech in Maryland:
“I’m going to get those gas prices down again, I promise you.”
Reality on gas prices:
Let’s start with the fact that Joe Biden has never lowered gas prices. They averaged $2.39 a gallon the week he took office on a platform of decimating our fossil fuel production and making us energy-dependent again. They soared to over $5 a gallon. And now are in the high $3’s.
More than doubling gas prices, and then having them drop to more than 50% higher than they were when you took office, is not lowering prices, it is lowering the increase in prices.
And, in any event, gas prices are rising again, not lowering. From Oliver Trapnell’s article at msn.com:
US crude oil prices have exceeded $90 (£72.5) per barrel for the first time since November last year.
Oil prices surged on Thursday (14 September) as forecasts predicted a tighter supply.
At time of writing, Brent crude reached a 10-month high rising to $93.89 (up 1.9 per cent) while West Texas Intermediate crude (WTI) rose to £90.37 per barrel (also up 1.9 per cent).
These prices are the highest settled since 7 November 2022.
According to the International Energy Agency, a shortfall in supply is expected in the fourth quarter of the year.
The reason? Since we are again energy-dependent, thus no longer in control of our oil supply, we are at the mercy of oil production from other oil producing countries (most of which hate our guts), They reduce production, our prices go up. Even if Joe Biden “promises” they won’t.
Joe Biden versus reality. Reality wins.
And we lose.
