Can we blame Biden for high gas prices?

Gas prices are always a contentious political issue. After a massive drop in prices during 2020, prices rebounded and eventually exceeded the most recent high by mid-2021. Gas prices throughout the United States remain far above the highs of mid-2018, and consumers are not happy about it.

That’s probably why Sean Hannity decided to have economics professor Austan Goolsbee on his show last week. Obviously, Hannity wanted to lay the blame for high gas prices on President Joe Biden, but Goolsbee, ever the defender of neoliberal Democratic policies, seemed only too happy to deflect the blame.