Working class Americans from all walks of life are fed up with the reality of life under Joe Biden and Democrats’ failed economic agenda.
Polls continue to show that the majority of Americans believe their failed economic policies have only made matters worse.
Of all President Joe Biden’s many economic failures, few have had as tangible of an impact on his approval rating and re-election prospects as skyrocketing gas prices caused by his environmental extremism-fueled war on fossil fuels.
From the moment President Biden first stepped foot in the White House after his inauguration, he began an all-out assault on American energy production, instituting mountains of new regulations, restrictions, and even outright bans on certain energy production, and the results speak for themselves.
The week before Biden took office on January 20, 2021, the average price of a gallon of gasoline nationally was $2.31.
Exactly one year later, gas prices were already up nearly $1.00 per gallon ($3.30), before gas prices ultimately peaked at over $5.00 per gallon last summer, more than double the price when he first took office.
And even after President Biden chose to release hundreds of millions of barrels of oil from the Strategic Petroleum Reserve (SPR), which has historically been reserved for actual crises – not bureaucratic insanity – and Democrats celebrated him as a conquering hero for supposedly “solving” the crisis, gas prices remained over $1.00 higher per gallon than when he took office.
But now, gas prices are once again skyrocketing, with most western states seeing prices over $4.00 per gallon across the board, while the price nationally inches towards the $4.00 mark as well.
Of course, Democrats and their media allies are once again taking the unsurprising route of blaming Russia, claiming that President Vladimir Putin’s regime and Saudi Arabia’s decision to cut their monthly oil production through the end of the year is the only reason gas prices are so high.
Saudi Arabia – the state-sponsor of terrorism, which has never faced any accountability for its role in 9/11, and which Biden begged to provide him with enough oil to bring down America’s gas prices in the midst of the 2022 Midterms – had previously made the decision to cut its oil production by one million barrels of oil each day for a period of time.
And despite the so-called “experts” prediction that the Middle Eastern country would only extend that cut through the end of October, Saudi Arabian officials chose to extend the cut in production through the end of the year.
With gas prices steadily increasing during Biden’s Presidency, the news of Saudi Arabia’s decision sent the national average to its highest level since October, at nearly $3.89 per gallon.
According to data compiled by AAA, with gas prices seemingly only going up once again, the U.S. is inching dangerously close to setting a new all-time high for this time of year.
As you may imagine, that’s only going to make matters even worse for working class Americans.
With gas prices skyrocketing and two of the world’s biggest oil-producing nations cutting their production levels, the pain Americans are experiencing at the pump will also lead to further inflation in consumer goods and services as the price of diesel and gasoline increase corporations’ costs.
“The recent upward trajectory in oil prices has laid the groundwork for potentially elevated [inflation] figures for August,” SPI Asset Management managing partner Stephen Innes wrote. “These impending increases in oil prices present a fresh challenge for central banks as they continue their diligent efforts to bring inflation levels back in line with their desired targets.”
On top of that, with inflation only set to increase thanks to skyrocketing gas prices, the elitist unelected bureaucrats at the Federal Reserve will likely only triple down on their failed efforts to stifle the inflation crisis they helped create, thus sending interest rates even higher, and further exacerbating the regional banking crisis and sending the cost of home mortgages, car loans, and the like even higher.
Make no mistake about it, no matter what Saudi Arabia and Russia have done or will do in the future, the price of gas is solely the fault of President Biden and Democrats’ environmental extremist agenda.
The amount of oil other countries produce shouldn’t impact American consumers, and it wouldn’t if Democrats weren’t hellbent on doing everything possible to keep the U.S. dependent on foreign oil.
That was proven beyond any reasonable doubt by Biden’s own decision to tap into the Strategic Petroleum Reserve – as boneheaded and unnecessary it was to have to make that decision in the first place thanks to his own anti-fossil fuels policies, having defacto U.S. oil rather than having to buy it from other countries did help the price go down.
Biden can’t just run to the SPR anymore, though, as his regime has drained the reserves to the point where it is now at its lowest level in four decades.
And with gas prices skyrocketing and the world’s oil supply going down, working class Americans may be staring down the barrel at a total nightmare situation many never thought possible.
But on the bright side, that may also be the type of utter catastrophe that finally seals the deal for Joe Biden’s re-election bid.
Political Animal News will keep you up-to-date on any new developments in this ongoing story.
