After releasing his inflation plan, President Joe Biden admitted that 'the idea we’re going to be able to, you know, click a switch, bring down the cost of gasoline, is not likely in the near term.' That’s an abrupt reversal, writes Matt Weidinger.
With people rightly fuming at the pump over record-high gas prices, President Joe Biden recently announced his latest plan for fighting inflation, including elevated prices at the pump. But after months of failed promises that his administration’s actions would yield lower gas prices, he admitted that “we’re not going to be able to click a switch” and “bring down the cost of gasoline.”
Unfortunately for consumers, that didn’t lower prices as promised. Average gas prices rose to $3.62 a gallon by the time Russia invaded Ukraine on Feb. 24 of this year. On March 31, when the average price was up to $4.33, the White House announced more “actions to lower gas prices at the pump,” including the largest release ever from the nation's Strategic Petroleum Reserve. But that didn’t lower gas prices, either. The latest U.S. average is $5.11 per gallon — up $1.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Hannity slams President Biden saying 'almost every day' he is proving 'he's unfit to be president''Hannity' host Sean Hannity goes after Biden for failing to address multiple crises, saying it's no wonder 'Democrats in Washington want to stay far away from Biden.'
Weiterlesen »
Exxon Mobil to President Biden: we’re investing more than any other oil companyWhile the push and pull between the oil and gas industry and Washington D.C. is nothing...
Weiterlesen »
President Biden says a recession is ‘not inevitable’Biden renewed his contention that major oil companies have benefited from higher prices without increasing production as much as they should. He said the companies needed to think of the world in t…
Weiterlesen »
The Atlantic is fantasizing about Gavin Newsom replacing Joe BidenBrownstein dedicates several paragraphs yearning for Gavin Newsom to replace Joe Biden.
Weiterlesen »
Joe Biden to Host Global Climate Talks as U.S. Gas Prices, Inflation SoarBiden will host a global meeting Friday to talk about “climate change” even as domestic U.S. consumers struggle to face the more pressing, everyday concerns of soaring inflation and gas prices.
Weiterlesen »