‘Unbelievable!’ White House torched after boasting about ‘fastest decline in gas prices in a decade’

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.”


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.

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.

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.

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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Vivek Saxena


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