Biden Orders Investigation into Gas Prices

Gas prices continue to rise, and Joe Biden is now clearly panicking.

Rather than do something to actually address the problem, Biden is once again looking to deflect blame.

Biden has ordered the Federal Trade Commission to investigate gas prices rather than take measures that would help address the supply chain issues.

Not My Fault

Biden has several routes he can take to address this problem.

Some Democrats have already called on Biden to tap into the national reserve to inject a fresh oil supply into the pipeline.

I believe that will be a last resort because Biden does not want to take a political hit by doing this.

Trump is the one that ordered the topping off of our reserves when the prices had hit rock bottom, and you better believe he would take the credit if Biden went this route.

The second problem is that if the supply is exhausted now and we run into a true crisis during the winter months, homes could be stuck with no heating oil, a situation Biden surely wants to avoid.

The next option is most obvious, which would be to open up domestic drilling again.

That would create problems with his leftist buddies, so that is not really an option either.

The third is pure deflection, which is the route that Biden has decided to take.

Biden has now tasked FTC Chair Lina Khan with investigating the rising costs of fuel that have been driven by the supply shortage.

Biden stated, “The bottom line is this: gasoline prices at the pump remain high, even though oil and gas companies’ costs are declining.

“The Federal Trade Commission has authority to consider whether illegal conduct is costing families at the pump.

“I believe you should do so immediately.”

Even if Khan does point the finger at the oil industry, the report will not be taken seriously because of all the disinformation this administration has spread.

We also know that, in reality, these prices are being driven by a lack of supply, which Biden has even previously admitted by calling on OPEC to release more oil.

Just open up domestic drilling, Joe, and this all goes away.

Source: Washington Examiner

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A week ago, Joe Biden told Americans that prices aren’t actually high.

But the numbers don’t lie.

Inflation is up 14.4% since Biden took office.

And all the president can offer are more lies.

Inflation ⬆️ more than expected.

Overall CPI: +6.4% y/y
Fuel Oil: +27.7%
Electricity: +11.9%
Groceries: +11.3%
Chicken +10.5%
Milk: +11%
Eggs: +70.1%
Bread: +14.9%
Potatoes: +12.4%
Baby Food: +10%
Airline Fares: +25.6%
Real Average Hourly Earnings: -1.8%

Year-over-year real wages have been negative for 22 months - ever since Biden forced through his $1.9 trillion "stimulus."

That's a wages recession for American workers.

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