What Biden Just Did Will Have Us All Paying Through The Nose For Gas!

GasBuddy analyst Patrick De Haan argued on Monday that the Biden administration is contributing to the increase in gas prices and explained the “profound impact” Biden’s energy policies are having on the oil and gas sector.

Prices at the gas pump are significantly higher than last November, just less than two months into his presidency, bears the blame.

Patrick De Haan, petroleum analysis for GasBuddy, suggested that President Joe Biden’s energy policies could bring the national average to $3.

President Biden’s energy actions have included temporarily suspending the issuance of oil and gas permits on federal lands and waters and the cancellation of the Keystone XL oil pipeline project in a series of orders aimed at combating climate change.

“The Biden administration is going to have a profound impact on the oil and gas sector. A lot of Americans, of course, saying, you know, this is what we’re in the midst of, when right now it’s really the economy that’s pushing prices higher,” De Haan said Monday on “Mornings with Maria” on Fox Business.

“But like you said, in the future, absolutely, the limitations on new drilling could eventually become an issue,” he said. “And, of course, now we have this massive infrastructure plan and how to pay for it.”

“And, of course, you know, the potential is there, the federal gas tax hasn’t been touched since 1993. So motorists really need to be on alert for rising gas prices this year.”

De Haan said the average gas price “certainly could rub up against $3 a gallon” in the coming weeks.

De Haan said the average gas price “certainly could rub up against $3 a gallon” in the coming weeks.

The gas price increases are largely the result of OPEC keeping production cuts that were in place last year and creating a major supply-and-demand issue.

De Haan is correct that other factors could keep Americans paying more at the pump as a more direct result of the current administration.

Biden already halted federal leases for oil and gas, and other ideas being floated could also be a burden on drivers.

Increasing the federal gas tax from 18.4 cents per gallon or adding a “vehicle miles traveled” tax could still be on the table for the administration.

Biden needs to be incredibly careful with his energy policies, as rising gas prices create a significant burden for nearly all Americans.

High gas prices especially hurt lower-income Americans, who do not need any more money taken out of their wallets during a time of hardship.

In this difficult, recovering economy, the United States needs to do everything possible on the policy side to ensure that gas prices do not rise even further, but Biden seems more concerned about keeping climate alarmists pleased than helping the average American.

Sources: Western Journal, Fox Business

Click to comment

You must be logged in to post a comment Login

Leave a Reply

To Top