Canada News

White House says Americans saving $420M at the pump as it prepares to tap strategic oil reserve

White House press secretary Karine Jean-Pierre was slammed Tuesday for claiming that Americans have saved $420 million on gas since pump prices hit all-time recorded highs earlier this year — even as President Biden goes to the Strategic Petroleum Reserve well for 15 million more barrels of oil.

“Every month, the typical two-driver family saves about $120 at the pump compared to where we were in mid-June,” Jean-Pierre told reporters during her regular briefing. “Everyday Americans — Americans saved about $420 million at the pump compared to mid-June.”

While the price of gasoline has fallen from a nationwide average of $5.01 per gallon on June 14 to $3.85 per gallon as of Wednesday, according to AAA, Americans are still feeling pain at the pump compared to when Biden took office — when the price of a gallon of gas averaged $2.37

“That’s like using a $.20 coupon to buy an item that is $.60 more than it was originally, then thinking to myself, ‘I feel better about my spending habits. Look how much money I’m saving!’,” one Twitter user reacted to Jean-Pierre’s comments. “Do people really not see this? They think we are really that dumb?”

“You can’t have it both ways, KJP,” another said. “If we’re saving that much, then the Biden-Harris administration COST us millions.”

Still another social media critic reinterpreted Jean-Pierre’s comments: “‘We screwed it up so bad out of the gate that people are saving tons of money from the screwing we gave them in June.’”

Democrats have on several occasions tried to spin fluctuations in gas prices as wins for the Biden administration, sometimes in baffling ways. 

White House press secretary Karine Jean-Pierre.
“Everyday Americans save up to $420 million as compared to mid June,” Karine Jean-Pierre claimed Tuesday.

In December of last year, the Democratic Congressional Campaign Committee was mocked for tweeting a chart showing the average price of gas dropping less than two cents over a one-week period — and praising President Biden for the minuscule decrease. 

“Thanks, @JoeBiden,” the House Democrats’ campaign organization tweeted along with the chart showing the price of gas at $3.395 on Nov. 22 before declining to $3.38 on Nov. 29.

Chevron gas station sign showing gas prices higher than $8 per gallon.
The price for a gallon of regular unleaded gasoline averaged $2.37 when Biden took office in January of 2021.
AFP via Getty Images

In a July tweet, Biden demanded that “companies running gas stations” charge less for fuel, accusing them of gouging consumers following Russia’s invasion of Ukraine.

“My message to the companies running gas stations and setting prices at the pump is simple: this is a time of war and global peril,” the president said in a post. “Bring down the price you are charging at the pump to reflect the cost you’re paying for the product. And do it now.”

Both the US Oil & Gas Association and Amazon founder Jeff Bezos ridiculed Biden over the tweet, with Bezos accusing the White House of “either straight ahead misdirection or a deep misunderstanding of basic market dynamics.”

The same month that Biden was deflecting blame for high gas prices, he took credit when they fell. 

​”​For American families looking for a little more breathing room, these savings matter,”​ the president said in a July Twitter post that included a graphic claiming that drivers were saving as much as $70 per month from gas prices down from their summer peak. 

Man fills up plastic gas canisters at a gas station.
The president is expected to announce the release of millions of barrels of oil from the country’s strategic reserve just three weeks before the midterm elections.

In August, Biden touted his decision to release 180 million barrels of oil from the Strategic Petroleum Reserve as the reason for drop in gas prices, but experts say the real reason for the drop was that Americans cut back on driving and postponed vacations because of record levels of inflation.

Biden is expected to announce on Wednesday that he is ordering the release of 15 million barrels of oil from America’s strategic reserve three weeks before the midterm elections.

The release will happen in December. The president said earlier this month that he would release 10 million barrels from the reserve in November to offset OPEC+ production cuts.

Source link

Denial of responsibility! Today is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – The content will be deleted within 24 hours.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button