As gas prices continue to rise, along with inflation, Americans want to know why this is happening and who is to blame.
It may not surprise many, but President Joe Biden’s policies banning oil and gas leasing on federal lands has helped spike the price of gas, according to experts. (Story continues below.)
This controversy escalated when White House National Security Advisor Jake Sullivan issued a formal statement calling for more foreign stability for better oil prices.
“Higher gasoline costs, if left unchecked, risk harming the ongoing global recovery,” he said. “The price of crude oil has been higher than it was at the end of 2019, before the onset of the pandemic.”
This raises the question, why is the U.S. trying to lower prices abroad when we can create our own energy domestically?
“Economic recovery is not as simple as flipping a switch,” said Katie Tubb, expert at the Heritage Foundation. “The dance among producers, refineries, and a variety of consumers is not easy to sort out, let alone centrally plan. The speed of recovery for each of those parties has been “an important uncertainty,” as the Energy Information Administration wrote in March. Since oil is a globally traded commodity, the U.S. can’t totally insulate itself from the ups and downs of oil prices. But the policies and posture of the Biden administration to date surely are not helping to tamp down gasoline prices. Contrary to Sullivan’s statement, President Joe Biden has not ‘made clear that he wants Americans to have access to affordable and reliable energy, including at the pump.'”
Tubb said Biden’s policies are to blame for the spike in gas prices.
“Biden’s administration has worked quickly to challenge nearly every aspect of oil production and use through regulations and executive orders: financing and private sector investment, exploration and production, pipeline construction and operation, and use in cars and trucks,” she said. “Additionally, the administration has generated considerable political risk by threatening future energy and climate policies to overhaul the American energy sector with a transition away from conventional sources.”