Trump’s 2020 prediction that gas prices under Biden would reach $7.00 per gallon came true this week.
. “We have natural gas…costs us nothing. Actually nothing. They burn it off. When you look at all of those flames on top of the wells, that’s natural gas that they burn off. They throw [it] away…and we want to give that away for windmills.”the all-time 2008 record of $4.11. Since Russia invaded Ukraine, oil prices have continued to surge and gas prices have increased to over $4.00 per gallon.
Instead of supporting American energy independence, Biden is likely seeking a substitute for Russian oil, which finances the Russian invasion of Ukraine, though Biden has not sanctioned relevant Russian energy suppliers. Russia provided ten percent of global supply last year. Jen Psaki confirms Biden administration officials are discussing "energy security" — purchasing more oil — with countries like Venezuela and Iran.
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