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Economy

JOE'S GAS PROBLEM: Prices Up 80% Since Biden Took Office

posted by Hannity Staff - 5.02.22

President Joe Biden has a serious gas problem.

According to a recent report from the Daily Wire, the average price of gas is up 80% since Joe Biden took office last year. “When Biden moved into the White House on January 20, 2021, a gallon of regular gasoline cost an average of $2.37, according to gasbuddy.com,” DW reports.

“In early March, the national average rose to as high as $4.34. Today it’s nearly $4.20, the American Automobile Association (AAA) reported Monday.”

“To be fair, gas prices moderated modestly toward the end of April, but remain above $4.00 a gallon,” Douglas Holtz-Eakin, president of the American Action Forum, said in a statement last week. “Since the start of the Biden Administration, gas prices are up over 80 percent.”

“This record of futility drives home the basic economics of the situation: Either admit you want gas (and other carbon-based fuel) prices higher and sell it politically on the merits, or take some real, permanent action on domestic production that stands a chance of increasing supply enough to reduce gas prices,” Holtz-Eakin said.

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