Partisan finger pointing is nothing new in Washington, and with prices increasing for a wide-range of everyday items, the blame game continues apace. One such product being used as a political weapon is gasoline.
Republican Rep. Jim Jordan of Ohio blamed Biden for the rising prices in gas in a tweet Monday, noting that the average gas price increased by 86 cents per gallon from June 2020 to June 2021 and pointed at “President Biden’s economy!” to explain the difference in cost.
Facts First: It’s misleading to blame the President for high gas prices, especially since one of the biggest reasons behind the surge is that the US economy is starting back up – which is hardly bad news for a president who’s been in office for 5 months. Supply chains are complex and if any one thing could be singled out for the increase in gas prices it’s the pandemic, which caused the global production of oil – and many other goods – to decrease last year as demand cratered. Following the removal of pandemic-related restrictions, supply has not caught up with the new demand as the economy begins to recover and people get back on the road, experts told CNN.
According to the US Energy Information Administration, crude oil production in the US fell 8% in 2020, compared to 2019, amounting to the “largest annual decline in the U.S. Energy Information Administration’s records.”