Report: Biden Pleading With Oil Companies in Secret as Gas Hits $5 a Gallon

The dramatic rise in gas prices under President Joe Biden was entirely predictable given his attack on oil production since taking office.

Now, the White House is reportedly trying to make nice with domestic producers in hopes they can increase supply and thereby bring down the cost.

In some locations, including Miami and New York City, the price of gas topped $5 per gallon this week.

The price is the highest it’s been since 2014.

According to AAA, the national average price for a gallon of regular gas is $3.29, up from $2.18 during the same time period a year ago.

No doubt, some of the rise can be attributed to increased economic activity as the nation pulled out of the pandemic.

However, a slew of decisions by the Biden administration has also put upward pressure on the price of crude.

Recall the executive orders the new president issued on his first day in office alone, which included canceling the Keystone XL pipeline and halting oil exploration on federal lands just as the U.S. had reached energy independence during the Trump years.- READ MORE

Related Articles

(PREMIUM) PAINE IN THE MORNING: 11 things you need to know this Monday – March 7, 2022

  There is also an ad free audio version of this episode you can listen to HERE. California Gas Price Eclipses $5 Per Gallon As National Average Spikes 11 Cents Overnight – National gas prices rose an average of 11 cents in one day, the most in one day since Hurricane Katrina impacted oil costs…

To access this post, you must purchase The Hot Wire, The Hot Wire (DG), Monthly Supporter​ or Monthly Supporter​ (DG).

(PREMIUM) PAINE IN THE MORNING: 13 things you need to know this Monday – June 6, 2022

There is also an ad free audio version of this episode you can listen to HERE JPMorgan CEO warns economic ‘hurricane’ is approaching America: ‘You’d better brace yourself’ – JP Morgan Chase & Co. CEO Jamie Dimon warned Wednesday that an economic “hurricane” is forming that could unfortunately make landfall in the United States. Speaking at…

To access this post, you must purchase The Hot Wire, The Hot Wire (DG), Monthly Supporter​ or Monthly Supporter​ (DG).

Responses