Gas Buddy’s head of oil analysis Patrick De Haan joins ‘Maria Bartiromo’s Wall Street’ to talk about 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 of a gallon of gasoline has doubled.
As of January 20, 2021, the average price of a gallon of gasoline nationwide was approximately $ 2.39. As of Saturday, the price of a gallon of gasoline has skyrocketed to $ 4.81, five cents more than on Friday, according to the AAA.
GAS PRICES ON THE ROAD AT $ 5 ALL OVER THE NATIONAL IS VERY APPROVED
The White House this week applauded OPEC’s decision to increase supply and took advantage of the Strategic Oil Reserve while criticizing US energy companies for not increasing production.
A driver passes a sign with gasoline prices in excess of $ 6.00 per gallon on May 20, 2022 in San Rafael, California. (Justin Sullivan / Getty Images / Getty Images)
Republicans have used the steady, unprecedented rise in gas prices and inflation as a fight against the Biden administration.
“Joe Biden’s war on American energy has forced families across the country to empty their wallets to fill the bins,” RNC President Ronna McDaniel told Fox News in a statement. “Unfortunately, Biden is duplicating his disastrous agenda because it is not he who pays the price, but the American people.”
The national average is increasingly likely to reach $ 5 per gallon, and that could be as early as June 17, predicted Patrick De Haan, head of oil analysis at GasBuddy.
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The White House On Tuesday, he declined to say that Biden’s policies are responsible for the high inflation that has materialized under his control.
ARCHIVE PHOTO: Gas prices are rising along with inflation, as this sign shows at a gas station in San Diego, California, November 9, 2021. (REUTERS / Mike Blake / File Photo / Reuters Photos)
“His policies have helped the economy recover. That’s what his policy has done, his policies have done,” White House Press Secretary Karine Jean-Pierre said in response. a question from Peter Doocy of Fox News about whether Biden accepts any. responsibility for inflation. “When we talk about gas prices right now, this is really Putin’s rising gas … We’ve seen a 60% increase in recent months due to the accumulation and invasion of Ukraine.” .
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At a news conference on Friday, Biden admitted that Americans don’t really care why gas prices are so high, they just want them down.
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Kristen Altus of Fox News contributed to this report.