October 2, 2022

President Joe Biden faces questions about his administration’s ability to manage its own efforts to lower gas prices for Americans as the United States faces historic price hikes.

Tuesday, Reutersmentioned 5 million barrels of oil from the Strategic Petroleum Reserve have made their way across the seas to Europe and Asia. The management’s decision to pull stock is part of an effort to lower domestic fuel prices amid the summer travel season. In many areas around the United States, gasoline and diesel prices have jumped past $5 a gallon.

White House Press Secretary Karen Jean-Pierre was asked about the situation on Tuesday, and declined to comment while saying she had not seen the report. Wednesday, independent She lobbied the White House for an additional response, and questions were turned over to the Department of Energy.

Meanwhile, Republicans have put the administration in charge and accused Biden of being unable or unwilling to help Americans amid unprecedented economic woes caused by inflation that has persisted since the United States and the global economy began reopening after the first wave of Covid-19 infections in 2020. Supply chain issues and historically high demand for consumer goods continue to drive prices higher in many industrialized countries, not just the United States.

The average national gas price is currently $4.78 per gallon, down from an all-time high of $5.01 in mid-June, but still more than $1.50 per gallon compared to this time last year.

“President Biden has depleted our Strategic Petroleum Stockpile to dangerously low levels just so we can turn around and send 5,000,000 barrels of oil to Europe and Asia? America’s last presidency!” Rep. Jim Banks tweeted.

The Republican National Committee also sharpened Ms Jean-Pierre’s response to a question on the issue from Philip Wegman of RealClearPolitics, claiming that her failure to respond was evidence that the White House “doesn’t know that the millions of barrels of oil emitted from the United States’ Strategic Petroleum Reserve have been sent to foreign countries.” “.

Inflation and gas prices are consistently cited by voters in political polls as their top issues driving their vote in November, a dangerous sign for Joe Biden and his party as they try to hold onto majorities in the House and Senate.

Source link

Leave a Reply

Your email address will not be published.