Economy
Biden Suggests Only Solution To Gas Prices Is Letting Putin Invade Europe
On Wednesday, President Biden suggested that the only solution to high gas prices is to allow Russian President Vladimir Putin to invade parts of Europe.
“For all those Republicans in Congress criticizing me today for high gas prices in America, are you now saying we were wrong to support Ukraine?” Biden said. “Are you saying we were wrong to stand up to Putin? Are you saying that we would rather have lower gas prices in America and Putin’s iron fist in Europe?”
“I don’t believe that,” he continued. “Look, I get the easy politics of the attack. I get that. But the simple truth is gas prices are up almost $2.00 a gallon because of Vladimir Putin’s ruthless attack on Ukraine, and we wouldn’t let him get away with it. And we’re doing everything we can to reduce this pain at the pump now.”
However, the increase in gas prices since Russia invaded Ukraine is closer to $1 than it is to $2. On February 24, the day Russia invaded Ukraine, national gas prices were at $3.54 per gallon, and on June 22, the day of Biden’s speech, gas prices were at $4.95 per gallon – which is an increase of $1.41.
Gas prices began rising shortly after Biden took office. From January 20, 2021, to February 24, 2022, gas prices soared from $2.40 per gallon to $3.54 per gallon – an increase of nearly 50 percent.
Biden: "For all Republicans criticizing me for high gas prices in America, are you now saying we were wrong to support Ukraine and stand up to Putin? Are you saying that we'd rather have lower gas prices in America than Putin's iron fist in Europe?" pic.twitter.com/Z7U8YIFgnM
— Greg Price (@greg_price11) June 22, 2022
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