The highest average price for unleaded gasoline ever that was recorded under the Biden-Harris administration was $5.016 on June 14, 2022.
According to Breitbart's review of data from the US Bureau of Labor Statistics that is not seasonally adjusted, the average price of unleaded gasoline is 50 percent more in July 2024 than in January 2021.
Prices hit $3.36 on Thursday, this is up nearly a dollar more than when Donald Trump left office in January 2021. When Biden and Harris came into the White House, the price stood at around $2.38, per a press release from AAA on January 19, 2021, one day before Biden took office.
The highest average price for unleaded gasoline ever that was recorded under the Biden-Harris administration was $5.016 on June 14, 2022, per AAA. The gas price increases coincide with the Biden-Harris administration's push into more green energy initiatives under the Inflation Reduction Act, for which Harris cast the tie-breaking vote in 2022.
The increase in gas prices is in pattern with the inflation that has rocked the economy during the tenure of Biden and Harris. As of May this year, prices had increased by 20 percent since they took office and have trended upwards since then.
The inflation rate fell under three percent for the first time in July since 2021, however, top economists usually say that two percent inflation is the normal level to look for, meaning that the July rate was nearly 50 percent higher than normal levels.
Harris, as she has assumed the nomination, has reversed her position on fracking for oil, previously supporting efforts to ban it. However, she has recently reversed this stance.
She explained in her first interview since becoming a nominee on CNN: “We have set goals for the United States of America and by extension, the globe, around when we should meet certain standards for reduction of greenhouse gas emissions, as an example. That value has not changed."
“What I have seen is that we can grow and we can increase a thriving clean energy economy without banning fracking,” Harris added on Thursday.
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Comments
2024-08-31T08:46-0400 | Comment by: Dean
Nope! Try again. At my location, gas was $1.70/gal prior to the 2020 election. It is now $3.40/gal. That is a 100% increase. FJB. FKH.