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After average gas prices went down $0.25 in the last month…
The Biden administration was quick to celebrate by saying:
“The president wants […] to give the American family a break. And that’s what we’re seeing right now.”
It’s funny how they forgot to mention that they’re still +30% higher than Jan 2020.
According to new AAA data…
The national average is now $3.30 per gallon.
That’s down $0.25 in the last month – and $0.36 lower from a year ago.
And it didn’t take long for the Biden administration to take a victory lap.
Senior energy advisor Amos Hochstein celebrated by saying that pump prices are at the lowest Thanksgiving level since 2020…
… and far below their all-time highs almost a year ago.
But here’s what he forgot to say.
They’re still much higher than when Biden took office.
In fact, the national gas price average was $2.51 in January 2020.
So they are 31.4% higher since then.
Frankly, it’s an insult to Americans to celebrate the new inflation numbers and gas prices today.
Prices have risen dramatically since Biden was sworn in…
And Americans are STILL really struggling to pay the bills.
Yours in Wealth,
Ian Wyatt