(TheConservativeNews.org) – In February, President Joe Biden said he would “work like the devil” to bring prices down. In March, he promised gasoline would decline between 10-35 cents per gallon. The president ordered a 50-million-barrel Strategic Petroleum Reserve release in November, a 30-million-barrel release on March 1 and a 180-million-barrel release on March 31 to combat rising gasoline prices.
Today the average price of gasoline in the U.S. shot up to a new all-time record ahead of President Joe Biden’s planned speech about “his plan to fight inflation.”
The average pump price nationwide has shot up to $4.37 per gallon. That is the highest level since March, while the average price of diesel fuel hit a record $5.56 a gallon.
“There’s little, if any, good news about fuel prices heading into summer, and the problem could become worse should we see an above average hurricane season, which could knock out refinery capacity at a time we badly need it as refined product inventories continue to plummet,” Patrick De Haan, head of petroleum analysis at research firm GasBuddy, said in a statement Tuesday.
“There is no doubt the White House is hoping that Americans simply become numb to yet another disastrous result of their energy failures, but the pain at the pump is too real and everyone intrinsically understands that Joe Biden is to blame,” Power the Future executive director Daniel Turner said in a statement.
“President Biden is now a two-time record holder for the highest gas prices, the most oil drained from the strategic reserve and re-injecting the term ‘inflation’ back into the national lexicon for the first time since the 1970s. This type of failure doesn’t happen by accident,” he continued. “The President’s green ideology is a man-made disaster and we’re all paying the price.”
Meanwhile, total oil production in the U.S. has declined for three consecutive months even as administration officials have argued it is at historic highs.