A conservative advocacy group focused on highlighting the pitfalls of Bidenonomics is temporarily rolling back gas prices at 25 gas stations.
station in Pittsburgh, Pennsylvania. They are reducing gas prices from the national average of $3.59 per gallon to $2.38 per gallon — the price of gas when PresidentSince Biden took office in January 2021, gas prices have increased by more than 50%. Meanwhile, under Donald Trump’s presidency, gas prices averaged $2.57 per gallon, but for the last 10 months of his time in office, prices plummeted due to the low demand for gas during the COVID-19 pandemic.
This jump in gas prices can be attributed to the consistently high inflation rates throughout Biden’s first term in office. Inflation rates peaked at 9% in 2022 but have since declined to 3.4%; however, the inflation rate is still above the Federal Reserve’s 2% target. Akash Chougule, AFP vice president of government affairs, attributes the rise in gas prices not only to inflation but also to the administration’s energy policy choices. Over the past four years, energy prices have increased by 41%, according to the Bureau of Labor Statistics data.
“From shutting down the Keystone Pipeline to banning energy leases on federal land, Joe Biden’s top-down policies have stifled our country’s energy resources and made even the things like a family road trip more expensive,” Chougule said in a statement. In an effort to curb gas prices, the Biden administration has already tapped into the Strategic Petroleum Reserve. The administration released 180 million barrels from the SPR in 2022 when prices surged after Russia invaded Ukraine.
The AFP’s campaign will continue until May 29, with AFP expecting 4,000 drivers to line up at gas stations for the discounted price.
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