President Biden Blames Russia And Oil Companies For High U.S. Gas Prices

Daily Mail: Biden blames COVID AND Putin for soaring gas prices, admits it's 'hard to tell' when they will go down and says Americans will save $80 a month if they buy an electric car as he unveils plan to reduce pain at the pumps

* President Biden announced the release of 180 million barrels of oil over six month from the Strategic Petroleum Reserve later on Thursday

* He said record high gas prices had two roots: the pandemic and Putin's war

* He will also ask Congress to impose fees on oil and gas companies that lease federal land but are not using permits to produce energy

* And he will use the Defense Production Act to accelerate switch to electric cars

* The White House has been desperately looking at ways to lower fuel prices

* Oil prices have surged since President Putin invaded Ukraine

* At the start of the year the price of a gallon was about about $3.30, while today it is averaging about $4.22

* It would be the largest release in the near 50-year history of the SPR

President Joe Biden said Thursday that record gas prices were caused by the pandemic and Vladimir Putin's war in Ukraine as he unveiled a two-pronged plan to increase supply and reduce demand.

He announced he would release a million barrels of oil per day from the nation's strategic reserve for the next six months and accelerate the switch to electric vehicle.

Read more ....

Update #1: Biden blames Putin for high gas prices (Washington Times)

Update #2: Biden to tap oil reserves, press oil sector to hike production (Politico)

WNU Editor: Of course they will not .... White House won’t name oil and gas companies it’s blaming for high prices (FOX News).

I have a question. Is President Biden's reasons for high gas prices working? You tell me.

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