Skip to main content

President Biden Addresses High Gas Prices As The Ukraine Crisis Continues

Gas prices are advertised Jan. 28, 2022, in Santa Clarita, Calif. President Joe Biden is warning Americans already exhausted by inflation at a 40-year high that gas prices could get higher if Russian President Vladimir Putin chooses to invade Ukraine. (AP Photo/Marcio Jose Sanchez, File)  

AP: High gas costs from Ukraine threat pose Biden political risk 

WASHINGTON (AP) — With the continuing threat of Russia invading Ukraine, a foreign policy crisis is colliding with one of President Joe Biden’s political vulnerabilities: Rising gasoline prices at home. 

Americans are already dismayed by Inflation at a 40-year high, and Biden is warning that gas prices could get higher if Russian President Vladimir Putin chooses to invade. It’s a recognition of Biden’s own risks ahead of the 2022 midterm elections: Inflation has become an albatross for Democrats despite the nation’s strong economic growth last year. 

 “We’re prepared to deploy all the tools and authority at our disposal to provide relief at the gas pump,” the U.S. president declared Tuesday. “We are taking active steps to alleviate the pressure on our own energy markets and offset rising prices.”  

Read more ....  

WNU Editor: In all fairness the price of gas was increasing before the Ukraine crisis exploded a few months ago .... Retail gasoline prices rose across the United States in 2021 as driving increased (EIA).

But it is true that if sanctions are imposed on Russia, the impact on energy prices will be enormous and global, and there will be political consequences.



from War News Updates https://ift.tt/u8k5Wwc
via IFTTT
Labels:

Comments

Post a Comment

Popular posts from this blog

US And Russian Chiefs Of Staff Discuss Ukraine In Rare Phone Call

U.S. Chairman of the Joint Chiefs of Staff Gen. Mark Milley (left) and his Russian counterpart Valery Gerasimov (file photo)   The Hill: Milley speaks with Russian counterpart for first time since start of war   Chairman of the Joint Chiefs of Staff Gen. Mark Milley spoke with his Russian counterpart on Thursday, the first such conversation between the two since the Kremlin’s invasion of Ukraine began in late February, according to the Pentagon.  Milley spoke by phone with Valery Gerasimov, chief of the Russian general staff, and they “discussed several security-related issues of concern and agreed to keep the lines of communication open,” Joint Staff spokesperson Col. Dave Butler said in a readout of the conversation.  The Pentagon did not provide further information on the conversation.   Read more ....   WNU Editor: So much for the reports last week that Chief of the General Staff of the Armed Forces of Russia Valery Gerasimov was fired b...
Post a Comment
Read more

Is Putin's Inner Circle Already In Discussions On Who Is Going To Replace Him?

Russian President Vladimir Putin leads a meeting on economic issues in Moscow on Monday. (Alexei Nikolsky, Sputnik, Kremlin Pool Photo via AP)   Daily Beast: Putin’s Own Men Are Already Discussing Who Will Replace Him   Three months into Vladimir Putin’s bloody “special operation” in Ukraine, his own men in the Kremlin are reportedly discussing who will replace him.  That’s according to new reporting by the independent news outlet Meduza, which cited several sources close to the Russian presidential administration who said officials are increasingly fed up with Putin personally.  Some of Putin’s own allies within the Kremlin walls have reportedly floated the idea of Moscow Mayor Sergei Sobyanin becoming his successor, or former President Dmitry Medvedev, who is now the deputy chairman of the Security Council. Sergei Kirienko, the first deputy chief of staff of the presidential administration, was also said to have been discussed as a contender.   Read mor...
Post a Comment
Read more

China's shipyard CSSC launches 1st Pakistani Hangor class submarine PNS Hangor

  According to information published by the Pakistani MoD on April 26, 2024, the Hangor class submarine PNS Hangor was launched by the Chinese shipyard CSSC. This submarine is a part of the Hangor-class, which itself is based on the Yuan-class Type 039B submarines provided by China. Read full news at this link Hangor class submarine PNS Hangor. (Picture source: Pakistani MoD) Read more from World Defence News https://ift.tt/dgQWhs7 via IFTTT
Post a Comment
Read more