White House celebrates 50 days of gas prices dropping 80 cents – but STILL higher than last year

Too soon to celebrate? White House brags about gas prices dropping 80 cents in 50 days – even though they are STILL higher than last year – as Karine Jean-Pierre credits Biden tackling the ‘Putin Price Hike’

  • White House officials have been eager to seize credit for the steepest drop in gas prices seen in more than a decade
  • When prices were rising, Biden officials blamed it on Putin’s invasion and said the president had very little control over costs at the pump 
  • The average cost of gas nationwide on Wednesday is $4.16, down from a record-high that surpassed $5 per gallon in mid-June
  • ‘Prices are coming down even as Putin’s war continues to put pressure on global energy supplies,’ Press Secretary Karine Jean-Pierre said

Prices at the gas pump went down for a fiftieth straight day on Wednesday, a victory that Biden administration officials have been rushing to highlight amid worsening US voter sentiment surrounding the economy.

Nationwide, the average cost of a gallon of gas is roughly $4.16 – down from a record high $5 reached on June 14. 

The figure is still almost a dollar higher than it was on August 3 last year. 

President Joe Biden has seized on the reduction – the most dramatic gas price drop in more than a decade – as proof that his policies are working for Americans. 

That’s despite his own officials claiming the commander-in-chief has relatively little influence over gas prices just weeks ago, when costs steadily increased through May and June.

‘Gas prices are now down 86 cents a gallon from their June peak, saving American families – with two cars on average – over $90 a month on gas,’ White House Press Secretary Karine Jean-Pierre said at her daily briefing.

‘And drivers can now find gas for the – for less than $3.99 a gallon at more than half the gas stations across the country.’

Gas prices have fallen about 80 cents since hitting an all-time high in mid-June this year

Gas prices have fallen about 80 cents since hitting an all-time high in mid-June this year

The nationwide average price at the pump hit $5 on June 11 and went up for three more days before dropping off

The nationwide average price at the pump hit $5 on June 11 and went up for three more days before dropping off

Jean-Pierre pointed out that prices have continued to decrease even as Russia’s invasion of Ukraine continues – which President Joe Biden has spent months blaming for Americans’ pain at the pump.

‘Prices are coming down even as Putin’s war continues to put pressure on global energy supplies,’ she said.

‘President Biden promised he would address Putin’s price hike at the pump and he is.’

The president’s critics have accused him of using the phrase ‘Putin’s price hike’ as a way to shift responsibility for soaring inflation and high gas prices.

Russia’s invasion in late February threw an already fragile global supply chain – only just rebounding from the COVID-19 pandemic – into chaos.

White House Press Secretary Karine Jean-Pierre highlighted the decrease - the steepest in over a decade - during her daily briefing

White House Press Secretary Karine Jean-Pierre highlighted the decrease – the steepest in over a decade – during her daily briefing

Biden has blamed it on the increase in prices on everything from food to gasoline.

‘More work remains, but prices are going down, and the President will continue to call on domestic and international oil producers to increase output so they can continue to come down,’ Jean-Pierre said on Wednesday.

Meanwhile, a recent CNN poll found just 30 percent of US voters approve of how Biden is handling the US economy. 

And nearly eight in 10 Americans think the economy is in bad shape, according to the survey, the highest share in over a decade.  

Biden has also attempted to dampen voter concerns that the country is in the midst of a recession, despite two straight quarters of negative economic growth.

‘Let me just give you what the facts are in terms of the state of the economy. Number one, we have a record job market, and record unemployment of 3.6 percent, and businesses are investing in America at record rates,’ the president said last week.

‘That doesn’t sound like a recession to me.’ 

Biden officials have for months blamed soaring food and gas prices on Vladimir Putin's invasion of Ukraine

Biden officials have for months blamed soaring food and gas prices on Vladimir Putin’s invasion of Ukraine

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