in

Leftist Establishment Praises Biden For Gas Going Below $4, Forgets It Was $2.39 When He Took Office

As national average gas prices fell below $4.00 per gallon for the first time in months, White House officials and members of the media downplayed the broader context of record-high prices in a manner favorable to President Joe Biden.

Prices at the pump dropped to $3.99 as of Thursday, according to AAA, while figures from the Energy Information Administration show that prices were $3.53 in the days before the Russian invasion of Ukraine and more than $5.00 per gallon in early June. Nevertheless, gasoline was $2.39 per gallon in late January 2021 — meaning that current prices are 67% higher than at the beginning of Biden’s term, with more than 70% of the total increase occurring before the Russian invasion.

Top officials in the White House spun the development as a victory for Biden. National Economic Council Director Brian Deese, for instance, told CNN that the somewhat lower prices reflect “meaningful savings people are going to feel in their lives,” adding that consumers can expect prices to “fall a bit more.”

White House Chief of Staff Ron Klain said on social media that the United States has seen “another day of falling gas prices” as the Senate works on “inflation-fighting legislation” — a reference to the $740 billion Inflation Reduction Act.

Likewise, media reports downplayed the broader context of the somewhat lower prices while casting the development as largely positive.

“Gasoline prices dipped to just under the $4 mark for the first time in…

Read Full Article from www.dailywire.com

Report

Leave a Reply

Your email address will not be published.

How Nigeria’s 2023 Census can be more accurate

Why Nigeria needs accurate census in 2023 – Buhari