Biden's Energy Inflation Is No Accident

June 1, 2022 By Jerome Corsi

 

In a press conference last week following his meeting with Prime Minister Fumio Kishida in Japan, President Biden praised the escalating price of gasoline as a positive step toward realizing the Democratic Party’s dream of enacting the Green New Deal.

“[When] it comes to the gas prices, we’re going through an incredible transition that is taking place that, God willing, when it is over, we will be stronger and less reliant on fossil fuels when this is over,” Biden said. Biden followed these comments by giving lip service to the millions of Americans forced to spend an increasing percentage of their disposable income on putting gasoline in their vehicles.

According to a study recently by economist Dr. Edward Yardeni, American families are now paying what amounts to $5,000 per year to put gasoline in their automobiles, a painful increase from just $2,800 a year ago.

In late May, the average gallon of gasoline in the U.S. hit a record high of $4.59, about 51 percent more than a year ago. By contrast, the price of a gallon of regular unleaded gasoline on January 20, 2021, the day President Biden took the oath of office, was $2.38/gallon...........To Read More....