After releasing his inflation plan, President Joe Biden admitted that 'the idea we’re going to be able to, you know, click a switch, bring down the cost of gasoline, is not likely in the near term.' That’s an abrupt reversal, writes Matt Weidinger.
With people rightly fuming at the pump over record-high gas prices, President Joe Biden recently announced his latest plan for fighting inflation, including elevated prices at the pump. But after months of failed promises that his administration’s actions would yield lower gas prices, he admitted that “we’re not going to be able to click a switch” and “bring down the cost of gasoline.”
Unfortunately for consumers, that didn’t lower prices as promised. Average gas prices rose to $3.62 a gallon by the time Russia invaded Ukraine on Feb. 24 of this year. On March 31, when the average price was up to $4.33, the White House announced more “actions to lower gas prices at the pump,” including the largest release ever from the nation's Strategic Petroleum Reserve. But that didn’t lower gas prices, either. The latest U.S. average is $5.11 per gallon — up $1.
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