(FreedomWire.org) – Secretary of Energy Jennifer Granholm claimed Monday that “international and climate events” were to blame for price increases at the pump.
“It’s obviously based upon international and climate events, so, for example, Winter Storm Elliot pulled two million barrels off the U.S. market,” Granholm said during a White House press briefing. “That crimp in supply causes prices to go up.”
The average price of a gallon of gas is $3.423, up from $3.096 a month ago, according to AAA. Biden has taken credit for lower gas prices in the past, even though a gallon of gas cost an average of $2.1218 on Nov. 3, 2020.
Biden and the White House have often called increased gas prices the “Putin price hike,” but some experts have said Biden’s hostility to fossil fuel production has fueled higher gas prices. The Biden administration revoked the permit for the Keystone XL pipeline in January 2021 and cancelled an offshore lease sale in May after issuing new regulations for onshore drilling for oil and natural gas.
Biden authorized the sale of up to 180 million barrels of oil from the Strategic Petroleum Reserve (SPR) in March, following Russia’s Feb. 24 invasion of Ukraine. The reserve is down to its lowest level since the 1980s, Forbes reported.
“Biden and Secretary Granholm have created an energy crisis by crippling American energy, sending U.S. jobs overseas, and depleting our SPR,” Senate Republicans said in a release.
The Strategic Production Response Act was introduced in the House earlier this month. It would require the Energy Department to develop a plan to increase the percentage of federal areas leased for gas and oil production before releasing oil from the reserve.
Granholm said President Biden will veto a House bill regulating U.S. Strategic Petroleum Reserve withdrawals.
Granholm said that such proposals risk raising gas prices and are “simply nonstarters,” according to the official White House transcript.
“So I’ll be very clear: If Congress were to pass H.R. 21 (the Strategic Production Response Act), the president would veto it. He will not allow the American people to suffer because of the backwards agenda that House Republicans are advancing.”