Washington Examiner - Political News and Conservative Analysis About Congress, the President, and the Federal Government
Instead of unleashing domestic energy production to ease pain at the pump for consumers, the Biden administration has shipped 5 million barrels of oil from our Strategic Petroleum Reserve overseas, bringing it to its lowest level since 1986. In a shocking revelation, the administration admitted that it even recently sold roughly 1 million barrels from the emergency fund to a Chinese government-owned gas giant that continues to purchase Russian oil.
So President Joe Biden is literally selling our national security to our leading adversaries. His America-last, China-first policies are truly unconscionable.
Gas prices under Biden have been at historic highs, almost doubling with him at the helm. On the day he was sworn into office, the average price for a gallon of gas nationwide was approximately $2.39. As of this week, the national average for a gallon of gas was $4.67. Diesel prices have skyrocketed by more than 75% in just one year. Economists are warning that things could get worse, with the national retail price for a gallon of gas projected to exceed $6.00 by the end of the summer. Reports anticipate that people will spend $5,000 on gas this year, a 78% increase from 2021.
