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Energy
Published June 4


NATIONAL GAS PRICES HAVE DOUBLED SINCE BIDEN TOOK OFFICE


THE BIDEN ADMINISTRATION DENIES THAT ITS POLICIES COULD BE CONTRIBUTING TO THE
INFLATION SURGE

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By Timothy Nerozzi FOXBusiness
close
video


NATIONAL GAS PRICE AVERAGE COULD HIT $5 IN A FEW WEEKS, EXPERT SAYS

Gas Buddy Head of Petroleum Analysis Patrick De Haan joins 'Maria Bartiromo's
Wall Street' to discuss the impact higher gas prices will have on summer
travel. 

Gas prices have more than doubled under President Biden's administration.




Since Biden took office in January 2021, the price for a gallon of gas has
doubled. 

On Jan. 20, 2021, the average price for a gallon of gas nationwide was
approximately $2.39. As of Saturday, the price for a gallon of gas has
skyrocketed to $4.81, up five cents from Friday, according to AAA.

GAS PRICES ON THE ROAD TO $5 NATIONWIDE VERY SOON



The White House this week cheered an OPEC decision to boost supply and has
tapped the Strategic Petroleum Reserve while criticizing U.S. energy companies
for not increasing production.

A driver passes a sign with gas prices over $6.00 per gallon on May 20, 2022 in
San Rafael, California.  (Justin Sullivan/Getty Images / Getty Images)



Republicans have used the ongoing, unprecedented rise in gas prices and
inflation as a cudgel against the Biden administration.

"Joe Biden’s war on American energy has forced families across the country to
empty their wallets to fill their tanks," RNC Chairwoman Ronna McDaniel told Fox
News in a statement. "Unfortunately, Biden is doubling-down on his disastrous
agenda because he’s not the one paying the price – the American people are."


 

It's becoming even more likely that the national average will reach $5 per
gallon and that could hit as soon as June 17, Patrick De Haan, head of petroleum
analysis for GasBuddy, projected.



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The White House Tuesday declined to say Biden's policies are responsible for the
high inflation that has materialized under his watch.



FILE PHOTO: Gas prices grow along with inflation as this sign at a gas station
shows in San Diego, California, November, 9, 2021.  (REUTERS/Mike Blake/File
Photo / Reuters Photos)

"His policies has helped the economy get back on its feet. That's what his
policy has, his policies has done," White House press secretary Karine
Jean-Pierre said in response to a question from Fox News' Peter Doocy about if
Biden takes any responsibility for inflation. "When we talk about the gas prices
right now, this is indeed Putin's gas hike… We have seen about 60% increase in
the past several months because of the amassing and his invasion of Ukraine."

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In a press conference Friday, Biden admitted Americans don’t really care why gas
prices are so high, they just want them to go down.



CLICK HERE TO READ MORE ON FOX BUSINESS

Fox News' Kristen Altus contributed to this report. 





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Personal Finance
 * Mortgages
 * Student Loans
 * Credit Cards
 * Personal Loans
 * Savings
 * Insurance
 * 401k
 * Retirement
 * Tax Planning

Economy
 * Government Spending
 * Money & Policy
 * Small Business
 * Inflation

Markets
 * Pre-Markets
 * US Markets
 * Cryptocurrency
 * Futures & Commodities
 * Bonds
 * Funds & ETFs
 * Business Leaders
 * Industries
 * Retail
 * Stocks

Watchlist
Lifestyle
 * Rich & Famous
 * Travel
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 * Airplanes
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 * Varney & Co
 * Cavuto: Coast to Coast
 * Making Money with Charles Payne
 * The Claman Countdown
 * Bulls & Bears
 * The Evening Edit
 * Kennedy
 * Strange Inheritance with Jamie Colby
 * Maria Bartiromo's Wall Street
 * WSJ at Large with Gerry Baker
 * Barron's Roundtable

About
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This material may not be published, broadcast, rewritten, or redistributed.
©2022 FOX News Network, LLC. All rights reserved. FAQ - New Privacy Policy