Biden Insists It Is a ‘Myth’ His Environmental Efforts Have Led to Higher Gas Prices
President Joe Biden is taking aim at claims that his measures designed to combat climate change have led to an increase in gas prices. During an event at the White House on Tuesday, Biden said, “I also want to briefly…
President Joe Biden is taking aim at claims that his measures designed to combat climate change have led to an increase in gas prices.
During an event at the White House on Tuesday, Biden said, “I also want to briefly address one myth about inflated gas prices: they’re not due to environmental measures. My effort to combat climate change is not raising the price of gas.”
“What it’s doing is increasing the availability of jobs. Jobs building electric cars like the one I drove at the GM factory in Detroit last week. For the hundreds of thousands of folks who bought one of those electric cars, they’re going to save $800 to $1,000 in fuel costs this year,” he continued.
Instead, he said, “The big part of why Americans are facing high gas prices is because oil-producing countries and large companies have not ramped up the supply of oil quickly enough to meet the demand.”
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According to AAA, the average price for a gallon of gas nationally is $3.40, up from $2.10 a year ago.
Earlier on Tuesday, the president announced that “the Department of Energy will make available releases of 50 million barrels of oil from the Strategic Petroleum Reserve to lower prices for Americans and address the mismatch between demand exiting the pandemic and supply.”
And on Wednesday, he asked