As the weather gets nicer and families plan to go on vacation more they’ll notice something different this year: sky-high gas prices.
Despite gas prices being at historic lows this time last year, the average price for a gallon of gas is currently an astounding $3.10. That’s the highest it’s been since 2014, the last time Joe Biden was in the White House.
The recent hack of the Colonial Pipeline exposed the flaws of Biden’s approach to our country’s energy policies. On day one he signed an executive order cancelling the Keystone XL Pipeline, costing tens of thousands of hardworking Americans their jobs, hindering our energy independence, and leaving our country more vulnerable. And before his first week in office was over he announced a moratorium on new oil and gas leasing on federal lands.
These “America-last” decisions also emboldened our adversaries. While President Biden cancelled our own American Pipeline, he is going to allow Russia’s Nord Stream 2 to move forward — a project whose completion would mark an enormous geopolitical victory for Putin. Similarly, as the world’s largest importer of oil, China can now turn to other exporters to buy their oil from, leaving America on the sidelines because of President Biden’s ill-advised policies.
After the Colonial Pipeline was hacked, we experienced the worst gas shortage in decades with tens of thousands of stations running completely dry, and some localities reporting prices up to nearly $7.00 per gallon. The attack should make it clear that more pipelines and energy development here in America make our economy more resilient and our nation more secure, but President Biden and Congressional Democrats have worked to scale back both.
And these are far from the only decisions President Biden has made in the past five months that contributed to skyrocketing gas prices throughout the country.
Biden’s mismanagement of the economy, by spending trillions of taxpayer dollars on liberal wishlists disguised as “COVID relief,” has left our economy reeling. This tax-and-spend agenda spiked consumer costs across the board, including the 23% increase on gasoline we’ve experienced since Biden took office.
Now the concern is whether these higher prices will drive up broader measures of sustained inflation — making hard-working Americans’ dollars worth less while they’re forced to pay more and more. This is a de facto tax on middle class Americans, and the opposite of what our economy needs as we navigate through pandemic recovery efforts.
So remember, the prices you see at the pump could have and should have been avoided. The Biden administration and Congressional Democrats owe it to the American people to join with Republicans and get our energy sector and economy back on track.