Panderer in Chief
/Joe Biden releasing 1M barrels from Northeast reserve in bid to lower gas prices
by The Associated Press20 hours ago
WASHINGTON — The Biden administration said Tuesday that it is releasing 1 million barrels of gasoline from a Northeast reserve established after Superstorm Sandy in a bid to lower prices at the pump this summer.
The sale, from storage sites in New Jersey and Maine, will be allocated in increments of 100,000 barrels at a time. The approach will create a competitive bidding process that ensures gasoline can flow into local retailers ahead of the July 4 holiday and sold at competitive prices, the Energy Department said. The move is intended to help “lower costs for American families and consumers,″ the department said in a statement.
“The Biden-Harris administration is laser-focused on lowering prices at the pump for American families, especially as drivers hit the road for summer driving season,″ Energy Secretary Jennifer Granholm said in the statement. “By strategically releasing this reserve in between Memorial Day and July 4th, we are ensuring sufficient supply flows to the tri-state [area] and Northeast at a time hardworking Americans need it the most.”
White House press secretary Karine Jean-Pierre said release of gas from the Northeast reserve builds on actions by President Joe Biden, a Democrat, “to lower gas and energy costs — including historic releases from the Strategic Petroleum Reserve and the largest-ever investment in clean energy.″
“While congressional Republicans fight to preserve tax breaks for Big Oil at the expense of hardworking families, President Biden is advancing a more secure, affordable, and clean energy future to lower utility bills while record American energy production helps meet our immediate needs,” Jean-Pierre said.
Oddly enough, the NY Post offers a different perspective than that of the Associated Press:
Critics including congressional Republicans slammed Biden’s move as an attempt to buy votes — after making similar allegations about Biden’s attempt to forgive hundreds of billions of dollars in federally owned student loan debt in the runup to the election.
Sen. Mike Lee (R-Utah) accused Biden of “yet again using America’s emergency fuel reserves to cover for his disastrous inflationary policies in an election year.”
“Releasing 1 million barrels of gasoline from the Northeast reserve is a desperate move by Joe Biden to lower prices that HE raised,” tweeted Sen. Marsha Blackburn (R-Tenn.).”This reserve is meant for emergencies, not as a cover-up for Biden’s failed economic policies.”
Skeptics noted that the complete draining of the Northeast reserve, which was authorized in a March government spending bill, was unlikely to significantly impact prices — which currently average $3.60 per regular gallon, up from roughly $2.38 when Biden took office and $3.54 at this time last year, according to AAA data.
And then there’s this. If you didn’t feel a warm glow when you paid your taxes last month, perhaps this will do it, knowing that, thanks to your contribution to the national good, thousands of needy Hamas supporters won’t have to work so hard going forward.