Biden says it’s ‘hard to tell’ when gas prices will go down, pushes electric cars, announces Band-Aid, blames Covid

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President Joe Biden addressed Americans on Thursday concerning skyrocketing gas prices, blaming it on the pandemic as well as the actions of Russian President Vladimir Putin and his invasion of Ukraine while announcing the release of 1 million barrels of oil a day to reduce pain at the pump.

The release of the oil will take place over the next six months starting in May. The nation’s strategic reserves are kept for emergencies such as war and were not intended as a means to counter the cost of gasoline. Biden contends the measure is a stop-gap to speed up Americans switching over to electric cars.

That would leave the already-depleted Strategic Petroleum Reserve with about 388 million barrels, the lowest level since March 1984, according to Fox Business.

“The problem we’re facing with gas prices has two roots,” Biden said to reporters at the White House.

“First, the pandemic. When COVID struck demand for oil plummeted so production slowed down worldwide,” the president asserted. “Because of the strength and the speed of recovery, demand for oil shot back up much faster than the supply. That’s why the cost of gas began to rise last year.”

“The second root is Vladimir Putin,” Biden claimed, attempting to shift the blame for the massive increase in costs away from his disastrous economic policies.

(Video Credit: The Independent)

At the beginning of 2022, a gallon of gas averaged $3.30 according to Biden. Now, it is averaging $4.23 and there is no end in sight to its escalation. Already, in Los Angeles, a gallon of gas costs more than $6.

“Nearly a dollar more in less than three months,” Biden noted, revving up the blame for Putin once again. “The reason for that is because of Putin’s war.”

Inflation and monstrous gas prices have cratered Biden in the polls and endangered Democrats’ chances in the midterm elections.

Biden also urged Congress to force oil companies to pay fees for unused leases, accusing energy producers of “hoarding” wells on federal lands. He said that companies “sitting on unused leases and idle wells will either have to start producing or pay the price for their inaction.”

“This is not the time to sit on record profits: It’s time to step up for the good of your country,” the president said.

Biden is now going to deploy the Defense Production Act to try and force Americans to switch over to electric vehicles, according to senior administration officials. The act would ostensibly produce more materials needed for high-capacity batteries.

“Under my plan, which is before the Congress now, we can take advantage of the next generation of electric vehicles,” the president said. “That typical driver will save about $80 a month from not having to pay gas at the pump.”

Biden’s posturing comes as Putin is threatening to shut off natural gas supplies to Europe which will have a ripple effect on prices here in the states.

“There’s no firm answer to it,” Biden said when asked by a journalist how long till Americans get relief at the pump. “But prices already came down when it was announced ahead of time.”

“I’m talking a matter of days … weeks, but it’s hard to tell,” Biden commented, claiming that savings could be anywhere from 10 to 35 cents per gallon.

Former President Donald Trump accused Biden of being careless with the nation’s reserves.

“It’s supposed to only be used for large-scale emergency or conflict,” he bluntly contended in a statement. “Now I see where Biden has just announced he’s going to take what we so carefully and magically built, and what will be a futile attempt to reduce oil and gasoline prices. They will soon bring it down to empty again. It just never ends!”

“It’s a sentiment shock, but if recent history suggests anything the reserve release will only be a temporary fix and akin to putting a band-aid on a broken leg,” proclaimed Stephen Innes, who is the managing partner at SPI Asset Management, according to the Daily Mail.

Sen. Steve Daines (R-MT) slammed Biden’s move to tap the reserve without first taking steps to increase American energy production, calling it “a Band-Aid on a bullet wound,″ according to the Associated Press.

He called Biden’s actions “desperate moves″ that avoid a comprehensive solution that involves ”investing in American energy production,″ and getting “oil and gas leases going again.”

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13 thoughts on “Biden says it’s ‘hard to tell’ when gas prices will go down, pushes electric cars, announces Band-Aid, blames Covid

  1. So a friend here in Sacramento decided she wanted to buy a new Tesla. She was told the wait time to get one is six months. Not sure what she decided. Another friend has a Tesla and the doors wouldnt open. She called Tesla tech service(no Tesla dealers or repair garages) and she wasnt able to get a tech out to fix her problem for 3 weeks. Biden is on drugs.

  2. At the beginning of 2021, a gallon of gasoline cost $2.17. As Dementia Joe just bragged, a gallon of gasoline cost $3.30 at the beginning of 2022. That means the cost of a gallon if gas went up $1.13 in Joe’s first year. There was no pandemic, and there was no Ukraine invasion. That 66% rise in gas prices was all Dementia Joe Biden’s policies. That enormous increase in fuel coasts drove inflation through the roof long before Putin invaded Ukraine. The left keeps attacking oil, but fails to offer any solutions. The electric grid is barely keeping up with present demand, much less the 700,000 megawatts needed to replace gasoline. Dementia Joe talks about having 30,000 megawatts in 8 years. At that rate of construction, it will take 186 years to build enough wind turbines to replace gasoline. To put this in perspective, in order to replace gasoline by 2030, at the present building rate, the power companies would have had to start building wind turbines in 1844, 20 years before the Civil War. Let’s go Brandon. FJB

  3. Joe’s senility seems to be getting much worse. He forgot to mention blaming President Trump for gas prices. Trumps name used to just roll off his drooling lips. Well, I guess it is coming down a couple of pennys.

  4. Can’t afford gas at $5-7/gal. but this man thinks we can afford a $60,000+ electric car and a charging station to keep it running?? Given this intelligence level, no wonder the country is in the mess it’s in! Is he alert enough to remember cancelling our pipeline, or remember that we did get enough oil out of the ground to actually fill the empty reserves that Obama left, and to sell some, too? I really worry about this country given the intellect of this CIC, who has seemingly done nothing but work against this country! IS HE COMPROMISED?? We’ve seen him tell some lies on camera, and that does nothing to foster confidence.

    1. where is the power going to come from to power the charging stations??? FJB

  5. Can’t afford gas at 5-7 per gallon, but he thinks we can afford a $60,000 car?? That’s about as reasonable as thinking Putin is responsible for the gas prices. Does this jerk remember cancelling our pipeline, trying to appease the greenies???

  6. What a President. So far all he’s done for the citizens he represents is endanger our livelihoods and the independence of the country and then blame covid, putin, the oil companies, consumers. Then his solution is not his responsibility but yours, here’s what you can do. He’s the President, he’s in charge (?), he’s responsible. Let him do something or admit he cant, is incapable, and sit in his oval office until 2024 when he’ll be flushed out of public view and shut up, just shut up.

  7. Biden is only making it worse. His claims that Americans will save $80 a month switching to an electric car is ridiculous and clueless. Punishing mom and pop oil companies for unused permits only puts them in bankruptcy, they already are denied the bank loans to build roads to possibly useless wells, or the pipelines to move the oil and gas to a central area. And then that cost gets passed down to the consumer.

    1. He has to appease the AOC’s of the world! He must think she’s as intelligent as he thinks he is! GOD HELP US!

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