News

WH Contradicts Biden…

Pinterest LinkedIn Tumblr
Spread the love

(RepublicanWire.org) – President Joe Biden said Wednesday that the relationship between the price of oil and the price of gasoline is not being reflected at the pump; however, the White House’s official Twitter account sent out a tweet on Wednesday which shows the opposite of what he claimed.

Biden gave a speech Wednesday announcing measures to bring down gas prices and claimed that the oil prices were not reflecting the prices at the pump because of oil companies’ greed. However, an hour before the president’s remarks the White House tweeted a graphic that showed that when oil prices fall, gasoline prices fall.

“When the cost of oil comes down, we should see the price at the gas station — at the pump come down as well,” Biden said. “But that’s not what’s happening.”

Biden indicated that oil companies were choosing to raise gas prices to increase profits rather than help consumers and told companies to reduce the prices they charge at gas stations.

“Bring down the price you charge at the pump to reflect what you pay for the product,” Biden said.

The Biden administration has sold 165 million barrels of oil from the U.S. Strategic Petroleum Reserve for the explicit purpose of bringing down oil prices and in turn, reducing gas prices. Crude oil prices, which are governed by supply and demand, are the most important factor in determining gas prices, according to the Energy Information Administration (EIA).

When the price of Brent crude oil reached a ten-year high in June gas prices subsequently spiked to over $5 per gallon, according to the EIA. Despite falling for nearly 100 straight days since June, the average national gas price is roughly $1.48 per gallon higher than it was when Biden took office.

Biden has constantly blamed oil companies and Russian President Vladimir Putin for soaring gas prices and fuel shortages; at the same time, however, major energy executives claim that the Biden administration’s negative attitude toward the industry is discouraging investment and production, according to a June survey conducted by the Dallas Federal Reserve.

At Wednesday’s daily briefing, Fox News White House correspondent Peter Doocy asked Press Secretary Karine Jean-Pierre  why President Joe Biden thought gas companies would do anything to help him if his administration wanted to put them out of business.

Doocy began by noting that Biden had once again blamed gas companies for raking in record profits while failing to lower their prices to consumers, and asked why an administration that had repeatedly demonized and hamstrung the oil industry believed the gas companies would do anything to help them.

“So, you’re asking oil companies to further lower gas prices. What makes you think they are going to listen to an administration that is ultimately trying to put them out of business?”

“How? How is the administration trying to put them out of business?” Jean-Pierre asked.

“Well, they produce fossil fuels and this president says he wants to end fossil fuel,” Doocy replied.

“So look, you kind of asked me this question yesterday,” Jean-Pierre pushed back. “Here’s what we would say: U.S. oil production is up and on track to reach a record high next year. We’ve seen that from their … when we see their profit margins. They are — they — you know, they — it’s record high.”

Jean-Pierre’s comments came on the heels of Biden’s announcement explaining the administration’s energy strategy, after which he claimed to “debunk” a myth about domestic oil production.

Republicans on the House Judiciary Committee responded to the president’s claim with just one word: “Liar.”

Samantha is a proud patriot living in central Pennsylvania. She is a mother of three, a lifelong Christian, and the wife of a soldier who is currently defending our country from evil.

Write A Comment