Triple A reports that as of Tuesday, the average price of a gallon of regular gas was $4.598. As noted by Western Journal, that’s an increase of 35.5% since November 23, 2021, which is when President Biden announced “a major effort to moderate the price of oil, an effort that will span the globe in its reach, and ultimately reach your corner gas station, God willing.”
The global effort doesn’t seem to be going so well. Saudi Arabia just announced that it won’t make any further efforts to increase oil production. They say there’s plenty of crude oil but the problem is refining capacity, so they won’t pump any more than they are now.
November 2021 was also just over three months before Putin invaded Ukraine and gas prices were already high enough to justify a global effort to moderate them, so these aren't "Putin price hikes." What it would really take is a domestic effort: stop waging war on our own oil and gas industries.
Speaking of that, I hate to bring you more bad news, but this story reports that one of the few bright spots for US energy prices is that we pay about one-fourth as much for natural gas as Asia and Europe does. But an industry expert said that over the next six months, our prices are expected to surge and line up with other nations’ prices. That’s more of the “equity” of high fuel prices that Democrats have long argued for as an incentive to force Americans into small electric cars.
So when you hear Biden talking about bringing down gas prices and they only keep going up, remember that someone who really wants to bring down prices doesn’t do everything in his power to make them more expensive.