Biden has no plan to cut skyrocketing gas bills as Russia tensions escalate

After years of oil surging well past $3 per gallon, prices plateaued at about the $2.50 mark for most of the Trump administration, only for futures to fall into the negatives at the peak of the pandemic.

Flash forward to a year into Joe Biden’s presidency, and fuel is up nearly 50%, turbocharging our inflation rate to a 40-year high. And based on Biden’s hastily recited statement in response to Russia’s deployment of troops to separatist regions of Ukraine, the White House has no plan to stop, or even slow, your gas bill from skyrocketing.