Report: Gas Prices Politically Trap Joe Biden After Surging 18% in 4 Months
President Joe Biden appears politically unable to prevent gas prices from increasing, a sour economic reality for voters with the presidential election just months away.
President Joe Biden appears politically unable to prevent gas prices from increasing, a sour economic reality for voters with the presidential election just months away.
On Thursday’s broadcast of MSNBC’s “11th Hour,” New York Times Chief White House Correspondent Peter Baker and MSNBC Analyst Peter Baker stated that President Joe Biden is in “an awkward position” because he could go after Iran’s oil revenue in full,
On Wednesday’s broadcast of MSNBC’s “11th Hour,” host and NBC Senior Business Analyst Stephanie Ruhle stated that one reason for rising gas prices is because of production cuts from Russia and Saudi Arabia, “who would sure like to help” 2024
The nationwide average price for regular gas hit a reported six-month high of $3.60 a gallon on Tuesday, spiking more than 50 percent under President Joe Biden.
The Biden White House looked at Biden’s gas prices and canceled a scheduled refill of our Strategic Petroleum Reserve.
The nationwide average price for regular gas topped $3.54 a gallon, a spike of more than 45 percent under President Joe Biden, AAA reported Wednesday.
On Monday’s broadcast of CNBC’s “Last Call,” Sen. Joe Manchin (D-WV) stated that, in an effort to lower gas prices, the Biden administration “turned a blind eye to the ghost ships coming out of Iran, who uses their resources, their
On Monday’s broadcast of CNBC’s “Last Call,” Biden Senior Adviser for Energy and Investment Amos Hochstein said the Biden administration is “managing our energy transition by making sure prices are lower.” And “Gasoline prices are lower than they are in Europe
American drivers pay 45 percent more to fuel their daily commutes since President Joe Biden ascended to the White House, AAA data shows.
On Friday’s broadcast of CNBC’s “Squawk Box,” Energy Secretary Jennifer Granholm responded to concerns that emulating some of California’s policies will drive gas prices higher by stating that it’s “less expensive to operate an electric vehicle” and people get tax
On Friday’s broadcast of CNBC’s “Squawk Box,” Energy Secretary Jennifer Granholm responded to companies shuttering refineries by stating that there are “significant policy incentives to the creation of drop-in biofuels, so you’re seeing some of that happening.” And that “we
On Tuesday’s broadcast of the Fox News Channel’s “Special Report,” Chicago Federal Reserve Bank President Austan Goolsbee stated that people say they’ve been hurt by President Joe Biden’s policies in part because wages haven’t kept up with inflation and that
Biden’s decision to highlight the increased prices under his leadership — even as they dropped from last year — shows his administration’s concern that inflation is hurting his reelection chances.
On Thursday’s broadcast of CNN’s “AC360,” CNN Political Commentator and former Obama adviser Van Jones stated that he is very worried about the level of enthusiasm among black voters for President Joe Biden and that “it’s starting to feel like,
On Wednesday’s broadcast of the Fox News Channel’s “Hannity,” California Gov. Gavin Newsom (D) argued that gas prices in California are higher than prices in other states mostly because of price gouging, but acknowledged that taxes, environmental regulations, and California’s
Political and energy industry leaders are convening for a two-day summit on energy security on Monday in what Sen. James Lankford (R-OK) told attendees is “the center of the energy universe.”
On Wednesday’s broadcast of CNN’s “OutFront,” CNN Senior White House Correspondent Kayla Tausche reported that White House officials are taking “a wait-and-see approach” on gas prices “to see if, now that the economy is coming off of the peak travel and
The national average for a gallon of gasoline continues to surge higher in the U.S. as oil prices keep rising.
Oil prices jumped on Thursday to a new ten-month high, with U.S. crude rising above $90 a barrel for the first time this year. West Texas Intermediate crude rose by more than 1.9 percent on Thursday to reach a high
The risks of inflation persistence got harder to ignore with Wednesday’s release of the consumer price index for August, and rising energy prices played a big part.
On Wednesday’s broadcast of Bloomberg’s “Surveillance,” co-hosts Jonathan Ferro and Lisa Abramowicz said that the White House lacks a clear strategy for dealing with gas prices in the wake of Saudi Arabia and Russia extending oil production cuts and that we’re
Hurricane Idalia’s effects could go beyond power outages and general storm damage, as it could worsen gas prices.
On Wednesday’s broadcast of “CNN This Morning,” DNC Chair Jaime Harrison responded to a question on whether the economy is a bad issue for President Joe Biden given the spike in gas prices and mortgage rates hitting 20-year highs by
On Monday’s broadcast of CNN’s “OutFront,” Treasury Secretary Janet Yellen stated that the recent jump in the price of gas is in part due to increases in demand due to the summer driving season and some “global factors.” But that
U.S. gas prices are soaring again, posing another challenge to an inflation problem the Federal Reserve has battled over the past year and President Joe Biden claimed is all under control thanks to the much-touted “Bideonomics.”
During an interview with Bloomberg on Friday, acting Labor Secretary Julie Su claimed that “prices are lower than they were a year ago, and significantly so.” And that gas prices “continue to come down.” Host Joe Mathieu asked, “Well, so
On Mondayy’s broadcast of MSNBC’s “José Díaz-Balart Reports,” NBC News Correspondent Steve Patterson acknowledged that cuts in oil production are “one of the biggest contributing factors” in the recent spike in oil prices, but another major factor is “long-term, we’ve
During a portion of an interview with Spectrum News Washington Correspondent Corina Cappabianca aired on Spectrum News Columbus on Monday, GasBuddy.com Head of Petroleum Analysis Patrick De Haan said that refilling the Strategic Petroleum Reserve (SPR) is pushing up oil prices.
On Thursday, CNN hosts Poppy Harlow and Boris Sanchez blamed climate change for the recent surge in gas prices with the former saying that the surge in prices is a reason “to get it in check when it comes to
On Wednesday’s “Fox News Rundown” podcast, Fox Business Network host, Fox News Contributor, and former Trump economic adviser Larry Kudlow noted that prices haven’t actually fallen in recent months, but the rate of growth has slowed and noted that gas
During an interview aired on Wednesday’s edition of MSNBC’s “11th Hour,” Energy Secretary Jennifer Granholm responded to a question on whether there is a plan to address energy prices that have started to tick up by stating that “the better
California Gov. Gavin Newsom (D) has been thwarted by the Democrat-dominated state legislature in his effort to punish oil and gas companies for alleged fuel price gouging, and will now turn to executive actions instead.
British energy giant Shell ensured the pay package for the company’s CEO jumped by half last year to nearly $12 million as oil and gas companies made record profits from runaway energy costs and consumers struggled with a global cost-of-living crisis.
British Gas employed debt collecting contractors who broke into the homes of vulnerable people to install prepayment meters.
It now costs more to drive the average electric vehicle 100 miles than it does to drive a gas-powered car the same distance.
House Energy and Commerce Committee Chair Cathy McMorris Rodgers (R-WA) said in a statement on Tuesday that Democrats have continued to abuse the Strategic Petroleum Reserve (SPR), while Republicans want to lower gas prices by “unleashing American energy.”
Per mile traveled, our British friends are now paying more to charge their electric cars than to gas them up.
GasBuddy warned American consumers on Tuesday that gas prices under the Biden administration could return to $4 a gallon as early as May 2023.
California Gov. Gavin Newsom (D) changed his plan for a windfall tax on oil company profits to describe the tax as a “penalty” to avoid a requirement that new taxes be passed by a two-thirds vote in the state legislature.
California Gov. Gavin Newsom (D) called the legislature into special session Monday to introduce a plan to stop “price gouging” by oil companies by capping their profits from gasoline and returning the surplus to consumers.