Who's to Blame for High US Gas Prices?
Headline Roundup March 9th, 2022
Already-lofty U.S. gas prices hit a record high this week. Where should Americans place blame?
The average price of gas in the U.S. rose to $4.25/gallon Wednesday, according to AAA, after hitting an all-time high of $4.17 the day before. In response, governors from both major parties have called for gas taxes to be suspended. Meanwhile, the Biden administration banned imports of Russian oil, natural gas and coal in response to Russian President Vladimir Putin's invasion of Ukraine. President Joe Biden acknowledged that the move could raise costs for U.S. consumers and pledged to "minimize Putin’s price hike here at home." Rising costs have revived debates over clean energy and oil dependence, and sparked disagreements over what's causing higher prices and how to reduce them.
Right-rated voices often blame price spikes on Biden's purportedly restrictive energy policies and blind focus on clean energy, and often frame those positions as obstacles to lowering costs. Left-rated voices have been less emphatic in placing blame, and tend to highlight Russia's invasion as the key reason for currently high gas prices. Sources across the spectrum agree that high prices pose trouble for Biden and Democrats in the 2022 midterm elections, and many sources on all sides highlighted how consumers are being affected. Some coverage from left-rated sources focused on how high prices are impacting minorities and low-income communities. One writer for CNN (Left bias) called for more stimulus checks to alleviate heightened costs.
America's immediate political future will turn on this critical point: whether drivers stung by record gas prices blame Russian President Vladimir Putin or US President Joe Biden.
A staggering surge in the elevated cost of filling up since Russia invaded Ukraine represents another gut punch for consumers already swamped by a 40-year peak in inflation coming out of the pandemic.
And Biden acknowledged on Tuesday there is more pain to come, telling reporters his executive order banning imports of Russian energy signed Tuesday will heap more pain on gasoline prices ahead of spring break and summer vacation.
A few months ago, when gas was a mere $3 or so a gallon, stickers started showing up on gas pumps that showed President Joe Biden pointing to the price. The stickers read “I did that!” and they were a sort of guerrilla warfare against the Biden administration and its policies.
The stickers may be showing up with greater frequency now as sanctions against Russia settle in, including the ban of Russian oil, which the president announced Tuesday.
Although Russian oil comprises about 3% of the crude the U.S. imports, prices are...
If President Joe Biden came out forcefully on the side of increasing US oil production, the price of a barrel could fall quickly, experts told The Post — even if it takes a while to bring that new energy online.
Just look at what happened Wednesday in the wake of the United Arab Emirates and Iraq saying they’d up production by an estimated 800,000 barrels a day: The global price of oil dropped by $22 a barrel within minutes.
If Biden signaled full-throated support for US drillers to get to work...