For seven consecutive days, gas prices have not fallen below $5.00 per gallon.
Gas prices rose to an all-time high of $5.04 Wednesday. They surpassed the $5.00 mark June 9th and have not stopped climbing.
Record-breaking prices are due to President Joe Biden’s war on American oil. This includes increasing private and public financing costs for oil drilling, stopping drilling on public land, and cancelling the Keystone pipeline.
Biden’s antienergy policies fulfill a campaign promise. He told a cheering crowd in 2020 that he would wage war against the American oil industry if elected president by ending subsidies and drilling feasibility.
His policies are reflected in gas prices. According to the Energy Information Administration, Americans will pay $450 less for gas in 2022 if inflation is adjusted.
Biden has waged a war against American energy and has also blamed American oil companies not producing enough product. Biden wrote Wednesday to Marathon Petroleum Corp. Valero Energy Corp. ExxonMobil and Phillips 66 as well as Shell, Valero Energy Corp. and Shell. He also asked them to produce more oil.
Biden’s shifting communication strategies may not reduce oil prices. JPMorgan commodities analysts forecast that gasoline prices could rise to $6.00 per gallon by Labor Day because of increased demand.
To critics who claim that the U.S. should increase oil production, John Kerry, White House Climate Czar, stated Wednesday that “We absolutely don’t” and dismissed this argument as “a false narrative.”