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Gas Prices Have Soared 30% Since November, Now Biden Wants Them Higher, Expert Warns

Competitive Enterprise Institute’s Center for Energy and Environment issues warning

 on 17th March 2021 @ 5.00pm
a leading experts warns that joe biden wants to hike gas prices even further © press
A leading experts warns that Joe Biden wants to hike gas prices even further

Gas prices in the United States have skyrocketed by 30 percent since November, and Democrat Joe Biden wants to raise them even higher, a leading expert is warning.

Since Nov. 2020, the nationwide average price for a gallon of gas is up from $2.20 to $2.85, according to AAA.

However, the Competitive Enterprise Institute (CEI) warns that the rising prices show no signs of slowing down.

Over the weekend, the price topped $3 in nine states.

The Washington Times reported Sunday that some analysts now believe $4-per-gallon gas is coming soon.

Supply and demand has become the biggest factor in the rise in prices due to oil production cuts.

cei s myron ebell warns that gas prices are showing no signs of slowing down © press
CEI's Myron Ebell warns that gas prices are showing no signs of slowing down

The Organization of the Petroleum Exporting Countries announced it would keep its oil production cuts for another month despite the increasing demand for gasoline as the coronavirus pandemic eases worldwide, according to WND.

While high gas prices are nothing new, there is concern that the prices could get astronomical if Joe Biden and Democrats in Congress enact policies that would discourage the use of nonrenewable energy.

Myron Ebell of the CEI’s Center for Energy and Environment told The Times that liberal policies to fight climate change would be a losing issue politically, but that may be a risk Democrats are willing to take.

“It’s also in their policy interest to have high gasoline prices … to convince people to get off gas-powered cars and transition to electric vehicles,” Ebell said.

“They really do want high gas prices, in a way, but they have to balance that against the political damage done when gas prices skyrocket.”

The decision by OPEC to keep production cuts at the same level, along with Biden's desire for the United States to transition to alternative energy, is a disaster for American consumers.

Ebell's assumptions are true in the sense that Americans are already feeling the negative impact of paying more for gas, especially in the current economy.

everyday americans are left footing the bill for biden s policies © press
Everyday Americans are left footing the bill for Biden's policies

Raising gas prices is a burden to frequent commuters as the total to fill a tank of gas adds up quickly.

Republicans need to make energy costs a top campaign issue in 2022 and 2024 if these high prices continue, as voters are already tying Biden and the Democrats to the situation.

The president has made it clear by halting the federal leases for oil and gas production and revoking the permit for the Keystone XL Pipeline that he would like to see the industry make significant changes.

In addition, Biden re-entered the Paris Climate Agreement, which has a goal of net-zero carbon emissions in the United States by the year 2050.

It would not be accurate to solely blame Biden for the rise in prices, but further actions against the U.S. oil and gas industry would make him the prime suspect.

[RELATED] Biden Threatens More 'Restrictions' That Even Apply to the 'Fully Vaccinated'

tags: Joe Biden | economy
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