President Joe Biden has put forward a number of policies and executive measures to reduce gasoline prices, but has yet to support increasing domestic oil production.
President Called for Congress Wednesday to implement a three-month gas tax holiday that will reduce pump prices by 18 cents per gallon and diesel fuel prices by 24 cents per gallon. According to AAA data, Biden’s latest attempt to tame gasoline prices near all-time highs is a temporary gas tax break.
“President Biden understands that the gas tax holiday alone will not relieve us of the costs we have seen,” the White House said in a statement. “But in this particular moment when the war in Ukraine is costing American families, the President believes that Congress should do all it can to provide a living room for working families.”
The Biden administration has again delayed selling oil and gas leases amid environmental protests
In recent months, Biden Strategic has ordered three separate releases from the Petroleum Reserve and issued an exemption allowing higher biofuel gas sales as prices soar. President Warned oil companies last week He will take action if the petroleum refining capacity is not improved.
The White House also weighed in on the ban on energy exports and Gas discount program.
However, the Biden administration simultaneously doubled its climate agenda, Termination of multiple oil and gas lease salesWithdrawal of the Keystone XL pipeline permit and urging Middle Eastern producers to increase production.
Biden’s move to suspend gas tax has been slammed by the president of the Oil and Gas Association as an ‘unrealistic’ solution
“It’s an election year gimmick,” said Daniel Turner, executive director of power group Power The Future, about the potential gas tax holiday in an interview with Fox News Digital. “It has nothing to do with the energy industry, it has nothing to do with total taxes.”
“The Biden administration is pursuing this green agenda at all costs, and every casualty – this is the American economy, the financial security of American families – is a necessary loss of life in this war, and they are comfortable with the loss of life,” Turner continued. “So, again, these are band-aid solutions that are meant to divert people, divert voters’ attention and show that he is engaged and doing something.”
In its statement on Wednesday, the White House said oil production was on the rise, but that efforts to boost drilling “should be combined with moderate and long-term efforts to clean up our economy away from the fossil fuels that dictators produce and for energy.”
The US produced 12 million barrels of crude oil per day for the week ended June 10, according to the latest data from the Energy Information Administration. By comparison, domestic drillers produced 13.1 million barrels per day in March 2020.
“The administration is acting like it’s shutting down pipelines, shutting down leasing, making it harder to produce where they can,” senior colleague Don Kish told the Fox News in an interview with the Institute for Energy Research.
“Somehow, he pretends to be surprised that the price of gasoline is going up and people are suffering at the pump,” he added.
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The White House did not immediately respond to a request for comment.