Biden tapping Strategic Petroleum Reserve puts US in a ‘very precarious position’: Mike Sommers
American Petroleum Institute president and CEO Mike Sommers says the Biden administration talks ‘out of both sides of its mouth’ on U.S. oil production.
House Republican leaders slammed the White House on Thursday after it celebrated projections that gasoline prices would fall slightly in the coming weeks.
"If your narrative is that gas prices are rising, well, your narrative is out of date," Ron Klain, the White House chief of staff, tweeted Thursday morning.
Klain's post came in response to an earlier tweet from Patrick De Haan, an oil market analyst, who projected gasoline prices would decline over the next two weeks by up to 75 cents per gallon in California and 50 cents per gallon in other parts of the country.
On Wednesday, Biden announced his intention to sell more oil from the nation's emergency stockpiles and blamed energy companies for increased costs facing consumers. The average price of gasoline nationwide fell to $3.85 per gallon on Thursday, about 14% higher than its level a year ago and 60% higher than it was when the president took office in January 2021, according to AAA data.
"I’d suggest the White House chief of staff get out of Washington and tell that to the woman in South Milwaukee who only has $40 and still can’t fill up her tank and or take her daughter out for pizza because of Biden’s policies," Rep. Bryan Steil, R-Wis., the GOP leader on the Select Committee on the Economy, told FOX Business.
FORMER KEYSTONE PIPELINE WORKER RIPS BIDEN AFTER COMMENTS ON OIL PRODUCTION
"Biden continues draining our strategic oil supply for political gain while increasing the risk to our national security," Steil said. "He refuses to permanently tackle this issue."
The president initiated his first Strategic Petroleum Reserve release in November 2021, his second in early March and his third 30 days later. The Biden administration has tapped 260 million barrels from the stockpile, taking it to its lowest level since 1984.
BIDEN DEFENDS US OIL RESERVE RELEASE TO FIGHT RISING GAS PRICES BEFORE MIDTERMS: 'NOT POLITICALLY MOTIVATED'
"The average price of gas on Inauguration Day 2021 was $2.39 a gallon," Rep. Cathy McMorris Rodgers, R-Wash., the GOP leader on the House Energy and Commerce Committee, told FOX Business.
"Today, it is $3.84," she continued. "This is a direct result of President Biden’s war on American energy, which has led to surging inflation and made everyday life more expensive for people across the board. The best way to bring down prices at the pump, keep us secure, and reduce emissions is to flip the switch and unleash American energy production."