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When gas prices doubled under Biden, according to data from the Energy Information Administration, Schumer, then-Senate majority leader, claimed that it was oil companies "gouging us at the pump ...
Overall, though, prices have risen more than 20% since Biden took office. According to the federal CPI inflation calculator, $100 in January 2021, when Biden took office, has the same buying power ...
California is ringing in 2024 with a gallon of regular gas priced almost 30 cents higher than it was this time last year. From California’s statewide average of $5.89 per gallon in September ...
Biden released about 230 million barrels of oil from the reserve in 2022 and 2023, after Russia's invasion of Ukraine sent prices soaring and gasoline peaked at $5 per gallon. The DOE began slowly ...
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When Biden took office in January 2021, gas prices averaged $2.42. But they shot up along with oil prices, peaking at $5 per gallon in June 2022. Through Biden’s presidency so far, gas prices ...
Because these factors are out of Biden’s control, many experts say he has been unfairly blamed for rising gas prices even as they wish he would adopt a friendlier attitude to the oil and gas ...
Gas prices under Biden have averaged $3.62 per gallon, the highest under any president. Adjusted for inflation, gas prices were higher during President Obama’s first term, at $4.44 per gallon ...