Democrats’ phony victory lap at the pump leaves gas prices punishingly high
Falling gas prices should incentivize Americans to hit the road Labor Day Weekend: GasBuddy analyst
GasBuddy head of petroleum analysis Patrick De Haan discusses how long gas prices will continue to decline barring any ‘disruptions’ on ‘Mornings with Maria.’
President Joe Biden finally figured out how to lower gasoline prices without producing more American energy: drive our country’s economy into a recession.
Heading into the summer, the cost of gasoline was a huge concern for American families. From Biden’s first day in office through June of this year, gas prices more than doubled. Even now, the cost of a gallon of gasoline is more than 60 percent higher than when Biden took office. Yet the White House is claiming victory.
It’s hardly time for a victory lap. Prices are still too high. The incremental reductions in price are a sign of an economy in trouble. They are the result of the Democrats’ recession.
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Prices at the pump aren’t down because of growing U.S. production, lower taxes, or improved supply chains. They’re down because demand is falling as families are forced to cut their spending. Gasoline demand was about 8% lower in July than it was a year ago.