House Speaker Nancy Pelosi was harshly critical of President Trump and Republicans in 2018 for high gas prices, but prices at the pump are much higher under Biden. MUCH HIGHER.
“The price of regular unleaded gas has climbed 20% over the last year (thanks to Republican policies), eating away at working families’ paychecks – but according to @GOPLeader, you’re #BetterOffNow,” Pelosi wrote on July 11, 2018.
The Houser Speaker ramped up her criticism just a few weeks later on July 30, 2018.
“Prescription drug prices are skyrocketing. Gas prices continue to rise. Health care costs and premiums are through the roof. Wages are stagnant. What is the solution Trump and Republicans in Washington propose?” Pelosi tweeted in July 2018 about the Republicans’ Tax Cuts and Jobs Act. “More tax cuts for the ultra-wealthy.”
“You can’t make this stuff up,” the speaker added.
Naturally, President Biden hasn’t received the same treatment from Speaker Pelosi, nor did she hold former President Barack Obama accountable for soaring gas prices under his administration.
In February of 2012, Pelosi blamed oil speculators rather than a lack of domestic drilling for the nation’s rising gas prices.
“Wall Street profiteering, not oil shortages, is the cause of the price spike,” Pelosi said in a statement. “Unfortunately, Republicans have chosen to protect the interests of Wall Street speculators and oil companies instead of the interests of working Americans by obstructing the agencies with the responsibility of enforcing consumer protection laws.”
Meanwhile, President Biden and White House officials were patting themselves on the back for a dip in gas prices in December.
Biden said on Dec. 21, 2021, that he “was able to bring [gas prices] down 12 cents a gallon,” adding they “will come down more, I believe.”
Now that gas prices are soaring to record-high levels, the administration is running with the “Putin Price Hike” positioning statement and the old reliable “greedy oil companies” excuse.
Brian Deese, director of the White House’s National Economic Council told Yahoo Finance Live back in April that one of the administration’s priorities is “making sure consumers are not taken advantage of,” adding: “It’s at moments of volatility like this that you worry the most about gas stations taking advantage of the situation and driving up prices, particularly in the near term, based on the oil they already have in reserves.”
This, of course, is the same strategy Democrats ran with when gas prices spiked under Obama.
What’s the truth behind rising oil and gas prices? Oil expert Bill Herrick of Midwest Energy Partners joins the Kendall & Casey show to explain.
https://omny.fm/shows/kendall-and-casey/bill-herrick-joins-to-discuss-the-latest-on-gas-an
