Despite the current administration's attempt to shift the blame to Vladimir Putin, "greedy oil companies" and "the end of covid,, the facts speak for themselves. When the Biden administration took office the national average price of gasoline was $2.38. On June 9, 2022 it is $4.95. For the mathematically challenged, that's a 109% increase. ONE HUNDRED AND NINE percent. It will be higher tomorrow. Market analysts say $7 gas is likely.
How can this be attributed to Joe Biden? On his first day in office, Joe Biden cancelled the Keystone Pipeline, put 11,000 people out of good paying jobs and raised the cost of and/or cancelled access to drilling on federal land. Almost overnight, this ineptitude turned America from being energy independent back to once again, dependent on foreign crude producers. Those foreign producers, seeing a profit opportunity, raised their prices. (Gee, who could have seen that coming?) The surplus of crude we once had kept prices down. (Its a supply and demand thing…)
Add to that, the Biden Administration decided it was a good idea to spend over 4 trillion dollars on ineffectual giveaway programs for which no one is held accountable. Since we didn't have that 4 Trillion sitting in 'our' bank account, we borrowed it…sort of. The Biden Administration directed the treasury to print more money. Oops. Now we have record Inflation. How did that happen? Well, imagine you have one hundred 1 dollar bills which represent a 100 little pieces of gold worth $1 each. Then you print one hundred more 1 dollar bills. Guess what? Now you have 200 one dollar bills that represent $100 worth of gold. Instead of each one being worth $1, now they are worth $0.50. Congratulations Joe Biden. A gallon of gas takes more dollars (which are worth less) to buy. At the moment, 109% more 1 dollar bills.
Everything in every store in Silver City gets here by truck. It all costs more to get here thanks to Joe Biden. Along the way, you have impoverished the elderly who saved for their retirement. Let's review: along with the supply of fuel being restricted by Biden's inept energy policy, we add inflation and both… BOTH are ENTIRELY the fault of the Biden administration. So before you say it "isnt fair to blame Biden for the price of gas," (or food, or housing, or building materials) do your homework. It is absolutely fair. It IS his fault. As a result, The United States, and the world is on the verge of a serious depression—1929 style. And that also will be Biden's fault. Secretly, Joe whispers that raising the price of gas will drive people to purchase electric cars. This is the back door agenda to address the "climate crisis." Note: The Chinese, who are building a new coal fired electric plant every day, could give a rat's behind about the climate crisis. Maybe they know something we dont know? In the meantime Buckle up. Its gonna get worse.
Kas Nelson
New Mexico