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August 4, 2022

The Whitewash House is claiming credit for “gas prices going down 44 days in a row.”

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Amazingly, the Biden-Harris regime is trying to get away with claiming that it deserves political points for fuel pump price drops this midsummer, in the desperate hope that it will blunt some of the election backlash the Democratic Party rightly deserves this fall.

Their claim is unjust for a host of reasons.

Nationally averaged gas prices always drop a bit in June and July. This happens because gas prices always spike nationally in May, because of the costly annual EPA-mandated switch to the summer blends in our overregulated big cities. The slight drops we have seen in recent weeks are therefore just a matter of the marketplace completing its annual adjustments after that costly artificial changeover. Your pump price remains more than double what you were paying when President Trump was in office.

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If we really wanted to help the country, long-term, we would stop mandating these micromanaged fuel blends entirely. But as long as this ongoing mandate remains, we will see late spring spikes and midsummer reductions. This is nothing for which the Biden-Harris regime can take credit.

The next thing to look at is diesel fuel. Both gasoline and diesel come from the same original raw material: petroleum. If the regime were really doing anything to reduce prices, then both would be going down, wouldn’t they? But no, diesel remains at record highs. Not only do some passenger vehicles run on diesel, but almost all commercial transportation vehicles depend on it.

One of the key drivers of the current inflation crisis is the fact that it costs twice as much to transport things as it used to, both cross-town and cross-country alike… and the primary driver of that transportation inflation is the cost of diesel fuel. The national average diesel prices are calculated, tracked, and published weekly by the Department of Energy, in a completely objective manner, and anyone can check them, anytime they want, at Atlas.DOE.gov. If there were anything for the Biden-Harris regime to take credit for, the data would be before our eyes. But there is no good news there.

The simple fact is, even the most cursory review of both political posturing and public policy over the past two years reveals the truth: our high fuel prices are intentional, having been literally promised by the delusional politicians of the Left, to satisfy the demented desires of their base.

In 2020, the Biden-Harris campaign promised a crackdown on petroleum production and use that would result in huge price increases, and they have delivered. A combination of executive orders, departmental policy changes, and congressional action had the desired effect immediately, 18 months ago.

The federal government stopped authorizing drilling in many areas completely controlled by the federal government, and simultaneously began to terribly slow-walk permits for activity on land not completely controlled by the federal government. Even private drilling has therefore been severely incapacitated, by this intentional slowdown in the permit process.