Gas Prices Rise as Domestic Production Declines

August 7, 2023

As the summer starts to come to an end and families start planning for back to school, they are being met with the highest gas prices since last fall. According to AAA, the average cost for a gallon of gas is more than $3.82, marking a nearly 30-cent increase from one month ago. The current price is the highest since last October and coincides with three months of declining domestic oil production.

The increased spike also occurs as President Biden travels to the western United States to celebrate his efforts to spend billions on the green agenda. His administration was recently caught discussing draining the strategic petroleum reserve with Chinese government officials.

“With the strategic petroleum reserve at critically low levels, jeopardizing our ability to respond to a natural disaster or national security emergency, the Biden Administration is out of tools to manipulate prices for his political advantage,” said Daniel Turner, Founder and Executive Director of Power The Future. “It is time for the Congress to step in and proactively pass legislation which reins in the Biden Administration’s war on American energy and empowers our workers to do what they do best and produce energy for the nation.”