Biden Has Gas Prices On The Rise With No Ceiling In Sight
The average price for a gallon of gas is up 30 percent nationwide since November — from $2.20 to $2.85, according to AAA — and shows no signs of stopping, an expert warns.
The price topped $3 in nine states over the weekend, and some analysts believe $4-per-gallon gas is coming soon, The Washington Times reported Sunday.
Supply and demand is the biggest factor in the rise in prices, as the Organization of the Petroleum Exporting Countries announced it would keep its oil production cuts for another month despite the increasing demand for gasoline as the coronavirus pandemic eases worldwide.
Myron Ebell of the Competitive Enterprise Institute’s Center for Energy and Environment told The Times that liberal policies to fight climate change would be a losing issue politically, but that may be a risk Democrats are willing to take.
“It’s also in their policy interest to have high gasoline prices … to convince people to get off gas-powered cars and transition to electric vehicles,” Ebell said.
“They really do want high gas prices, in a way, but they have to balance that against the political damage done when gas prices skyrocket.”
Ebell’s assumptions are true in the sense that Americans are already feeling the negative impact of paying more for gas, especially in the current economy.
Raising gas prices is a burden to frequent commuters as the total to fill a tank of gas adds up quickly.
Republicans need to make energy costs a top campaign issue in 2022 and 2024 if these high prices continue, as voters are already tying Biden and the Democrats to the situation.
The president has made it clear by halting the federal leases for oil and gas production and revoking the permit for the Keystone XL Pipeline that he would like to see the industry make significant changes.
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