As Gas Prices Hit 7 Year High, Biden Asks: ‘Did You Ever Think You’d Be Paying This Much?’

President Joe Biden addressed supply chain issues causing delays and increased prices for goods, and touched on the higher prices of gasoline.

During an event in Baltimore, Maryland, on Thursday, Biden said, “We got nearly 20% more goods coming into the country than we did before the pandemic struck. COVID-19 has changed the way we spend our time and our money.”

“More products are being delivered than ever before. That’s because people have a little more breathing room than they did last year. That’s a good thing, but it also means we got higher demand for goods at the same time we’re facing disruptions in the supplies that make those goods. This is a recipe for delays and for higher prices. And people are feeling it,” he continued.

Finally, Biden said, “Did you ever think you’d be paying this much for a gallon of gas? In some parts of California, they’re paying $4.50 a gallon. That’s why it’s so important we do everything in our power to stabilize the supply chain.”

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The president’s comments come as the pace of consumer price increases hit a 30 year high, as IJR reported.

In October, the price of gas hit a seven-year high, and according to AAA, the average price for a gallon of gas nationally is $3.41, up from $2.11 last year. In California, the average price for a gallon of gas is even higher at $4.64.