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Biden took credit for dip in gas prices, now sheds responsibility during spike

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President Biden and White Home officers had been fast to assert credit score for a dip in fuel costs in December, however now that fuel costs are hovering to record-high ranges, the administration is disclaiming duty. 

Biden stated on Dec. 21, 2021 that he “was capable of convey [gas prices] down 12 cents a gallon,”including they “will come down extra, I consider.” 

On the time, fuel costs hovered round $3.30 a gallon (which was nonetheless almost a greenback increased than when Biden took workplace), in response to information from GasBuddy.   

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President Biden wanted credit for a modest dip in gas prices just a few months ago. Now that gas prices are breaking records, he's disclaiming responsibility. 

President Biden needed credit score for a modest dip in fuel costs just some months in the past. Now that fuel costs are breaking data, he is disclaiming duty. 
(Eric Lee/Bloomberg by way of Getty Pictures)

Simply days earlier than that, White Home officers had circulated a memo amongst reporters touting the president’s “aggressive actions” to fight worth will increase, which they linked to a 10-cent drop in fuel costs. 

However costs quickly resumed climbing. By Feb. 8, the nationwide common had climbed over $3.45, in response to AAA. 

Vladimir Putin’s invasion of Ukraine – and Biden’s subsequent ban on all Russian power imports – pushed excessive fuel costs even increased. 

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The nationwide common now sits at $4.30, and in California it is quickly approaching $5.60, in response to information from GasBuddy. 

In contrast to in December, the Biden administration is not taking duty for fuel costs

Biden on Tuesday stated it’s “not true” that his administration is holding again home power manufacturing, whereas warning that the USA’ ban of Russian oil imports will “price” American households. 

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When requested afterward Tuesday about fuel costs, Biden acknowledged they’re “going to go up.” 

He added: “Cannot do a lot proper now. Russia is accountable.” 

A White Home official emphasised to Fox Information Digital in a Wednesday electronic mail that Biden will do all the pieces doable to decrease fuel costs and famous that the president is once more coordinating a launch from the strategic petroleum reserve. 

Fox Information’ Brooke Singman contributed reporting.

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