The White House is facing social media backlash for posting yet another celebratory tweet amid the current economic crisis.
In their latest tweet, White House staffers wrote, “Today marks 95 days of dropping gas prices across the U.S. Americans are getting some breathing room at the pump as we continue on the fastest decline in gas prices in over a decade.”
Today marks 95 days of dropping gas prices across the U.S.
Americans are getting some breathing room at the pump as we continue on the fastest decline in gas prices in over a decade. pic.twitter.com/2eXgZcglWV
— The White House (@WhiteHouse) September 17, 2022
While it’s true gas prices have been declining as of late, they’re declining after having already ballooned at the fastest rate in U.S. history.
“The average price of regular gas around the country climbed from $3.53 per gallon on February 21 to $4.32 on March 14. That’s a 22% jump, according to data released by the U.S. Energy Information Administration (EIA), representing the fastest rate for rising gas prices over a three-week span since the agency began tracking this data in 1990,” CNN, of all outlets, reported in March.
After the fastest increase in gas prices in the last 100 years.
Gas is still $1.68 higher than it was when Dementia @joebiden was installed.@whitehouse is spewing more and more bullschlaga as November approaches.#lgbfjb #bidenflation #bidengashike #pedohitler https://t.co/nGT01Lk3kX
— Manny M ✝️ (@mmagno_63) September 18, 2022
This Administration’s policies drive up the price to unconscionable levels and then it claims “fastest decline in over a decade”!
What was the price in January 2021?
— ScottW (@SWiner62) September 18, 2022
You had the fastest increase in American history you morons
— TheReal3545 (@real3545) September 18, 2022
Moreover, the current decline in gas prices isn’t a result of President Joe Biden pursuing oil/gas-friendly policies. Rather, it’s the result of him needlessly siphoning priceless oil/gas from the Strategic Petroleum Reserve.
This means that, one, the president has done nothing to address the root causes of high gas prices. If anything, he’s contributed to the problem with his policies.
“Gas prices have climbed steadily since January 2021, thanks to President Biden’s anti-American-energy agenda. The president started by canceling the Keystone XL pipeline and banning new oil and gas leases,” according to the Senate Republican Policy Committee (Senate RPC).
“He didn’t stop there – more recently, he’s called for new fees on domestic energy producers and his Interior Department announced it would raise royalty rates for onshore leases and shrink acreage available for leasing by 80%.”
And two, gas prices are slated to swing back up the moment the Biden administration stops siphoning oil/gas from the Reserve.
“Goldman Sachs has predicted the cost of US gas at the pump will jump back to around $4.35 a gallon by the end of the year, and then reach an average of $4.40 next year,” Insider reported last month.
You are raping our oil reserves to lower gas prices before midterm elections. Economists are warning that gas prices will go back up this winter, even higher. Meanwhile, if we have a national crisis, we will have no extra oil – the real reason for our reserves.
Wake up people.
— Daisy (@Daisy091881) September 18, 2022
Thanks for depleting our strategic oil reserves. Lucky for us the world is such a peaceful place right now that there’s absolutely no chance we’ll miss it.
What are you going to do when prices go back up and you don’t have the reserve to fall back on. Oh, and China says thanks
— 🎊🎡DogFood4Thought 🎉🎆 (@SecretS11277898) September 18, 2022
It’s only temporary, it will go back up.
— Bethany Taylor (@Bethany22760828) September 17, 2022
Critics also say it’s extremely unseemly to celebrate a marginal decrease in gas prices when gas prices are still significantly higher than they were when Biden took office in January of 2021.
According to the Senate RPC, gas prices were at $2.39 per gallon when Biden took office. The current average gas price is $3.678 per gallon.
After causing inflation & high gas prices which predictably reduces gas demand, after purposefully restraining domestic gas/oil production, then panicked release from strategic oil reserve – now Biden wants to brag about small decline in gas price problem Biden created? Denied!
— veritas73 (@veritas73) September 18, 2022
Still paying 100% more per gallon since puddin brain took office and he’s also delpleted our reserves … but just go ahead and keep bragging like he’s done well
— Abe Murray (@PaulP1129) September 18, 2022
Still double and creeping back up. You depleted our reserves w/ this stunt and we will pay the price, conveniently after the mid terms. Stop bragging about record high inflation.
— Vote+Volunteer (@KSP888888) September 18, 2022
Notice what the latter Twitter user mentioned: Inflation.
Indeed, while it’s true gas prices have declined marginally, inflation is still through the roof, meaning any potential “savings” are being depleted elsewhere.
“Inflation rose more than expected in August as rising shelter and food costs offset a drop in gas prices, the Bureau of Labor Statistics reported Tuesday,” CNBC reported last week.
“The consumer price index, which tracks a broad swath of goods and services, increased 0.1% for the month and 8.3% over the past year. Excluding volatile food and energy costs, CPI rose 0.6% from July and 6.3% from the same month in 2021.”
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