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Biden says the price of gas was 'over five dollars' when he took office, data shows it was $2.39...Biden also claimed that the 'price of inflation is down'
www.foxbusiness.com ^ | 27 October 2022 | By Adam Sabes

Posted on 10/28/2022 7:26:02 AM PDT by Red Badger

President Biden said during a Thursday speech that the price of gasoline was "over five dollars" when he took office, despite the actual average price of regular gasoline being $2.39.

Biden made the comment during a speech on the CHIPS Act in Syracuse, New York.

"The most common price of gas in America is $3.39, down from over five dollars when I took office," Biden said. "We need to keep making that progress by having energy companies bring down the cost of a gallon of gas that reflects the cost of paying for a barrel of oil."

However, the national average price for a gallon of regular gasoline in the week ending Jan. 25, 2021, shortly after Biden took office, was $2.39, according to data from the Energy Information Administration. The average price for a gallon of regular gasoline didn't hit $5 until June 2022, which is well over a year after Biden took office.

According to AAA, the current national average for a gallon of regular gasoline is $3.76, over 30 cents more than Biden claimed Thursday.

He also commented on the gross domestic product figure released on Thursday, showing that the U.S. economy grew by 2.6% on an annualized basis during the months of July through September.

"The economy, in fact, is growing. In fact, the economy grew at 2.6% rate last quarter. And although it may not feel like for everyone, people's incomes went up last quarter more than inflation went up. So economic growth is up, the price of inflation is down. Real incomes are up and the price of gas is down. Folks continue to spend, but now a more stable pace than during our rapid recovery last year. Businesses continue to invest in America," Biden said.

The Labor Department recently released updated consumer price index figures showing that prices for everyday goods including groceries, rent and gasoline rose 0.4% in September when compared to the previous month.

That figure was above the forecasted 0.2% projected monthly increase forecast from Refinitiv economists.

Core prices, which exclude food and energy, rose by 0.6%.

Prices for groceries increased by 0.7% in September, and 13% over the past 12 months.

FOX Business' Megan Henney contributed to this report.

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TOPICS: Business/Economy; Culture/Society; Government; Politics/Elections
KEYWORDS: 1moretime; creepstate; deepstate; policestate; singlepartystate
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To: madison10

What else can you expect from a Party that insists that a man can birth a baby?


21 posted on 10/28/2022 7:43:41 AM PDT by fwdude (Society has been fully polarized now, and you have to decide on which pole you want to be found.)
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To: crusty old prospector

https://www.kiplinger.com/personal-finance/shopping/cars/604410/gas-prices-around-the-world


22 posted on 10/28/2022 7:44:03 AM PDT by Red Badger (Homeless veterans camp in the streets while illegal aliens are put up in hotels.....................)
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To: mmichaels1970

https://www.kiplinger.com/personal-finance/shopping/cars/604410/gas-prices-around-the-world


23 posted on 10/28/2022 7:45:15 AM PDT by Red Badger (Homeless veterans camp in the streets while illegal aliens are put up in hotels.....................)
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To: Red Badger

Cripes, just saw an election map........this ding dong still doesn’t get it.

Practically the entire nation is going red b/c of lies like this.


24 posted on 10/28/2022 7:47:19 AM PDT by Liz (MAN PROPOSES.......... GOD DISPOSES the same)
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To: Red Badger
"We need to keep making that progress by having energy companies bring down the cost of a gallon of gas that reflects the cost of paying for a barrel of oil."

That encapsulates him perfectly. He’s going to use his office to harass and harangue oil companies to reduce profit margins, but he won’t lift a finger to help with production.

25 posted on 10/28/2022 7:48:30 AM PDT by ProtectOurFreedom (The “I” in Democrat stands for “Integrity.”)
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To: ProtectOurFreedom
"We need to keep making that progress by having energy companies bring down the cost of a gallon of gas that reflects the cost of paying for a barrel of oil."

They do....................

26 posted on 10/28/2022 7:50:27 AM PDT by Red Badger (Homeless veterans camp in the streets while illegal aliens are put up in hotels.....................)
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To: Liz

Got link?..............


27 posted on 10/28/2022 7:50:45 AM PDT by Red Badger (Homeless veterans camp in the streets while illegal aliens are put up in hotels.....................)
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To: Red Badger

He lies bigly.


28 posted on 10/28/2022 7:51:24 AM PDT by Mark17 (Retired USAF air traffic controller. Father of USAF pilot. USAF aviation runs in the family )
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To: Red Badger

Now that’s a lot of drachma!


29 posted on 10/28/2022 7:51:50 AM PDT by mmichaels1970
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To: madison10

> Super liar. All. The. Time. <

And why not? It’s the job of the media to call out politicians when they lie. It’s a course-correction device of sorts. And it’s why a free press was mentioned in the very first amendment. But except for Fox (sometimes), the press simply will not call out Democrats.

It’s like a kid who is not corrected when he swears. Before you know it, that kid will be swearing all the time.


30 posted on 10/28/2022 7:52:33 AM PDT by Leaning Right (The steal is real.)
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To: Red Badger

You were expecting WHAT...the truth?


31 posted on 10/28/2022 7:53:57 AM PDT by oldtech
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To: All

One wit sagely observed that when Biden opines, he is expressing the hopes and dreams of the “political class”.......beltway types.

We, the people, be damned.

Biden keeps touting his “accomplishments”......telling midterm voters that this election is about “my accomplishments as a leader” and not about the challenges you’re experiencing.


32 posted on 10/28/2022 7:54:07 AM PDT by Liz (MAN PROPOSES.......... GOD DISPOSES the same)
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To: All

Republicans in power are likely to push for
<><>stricter border policies
<><>finishing the construction of a border wall,
<><>increasing funding to federal border authorities
<><>reinstating several Trump-era expulsion tools.......

AND PENALIZING THESE THIRD WORLD HELLHOLES...... FOR EVERYONE OF THEIR MANGY TRIBESMAN THAT LANDS HERE, TAKE OFF ONE MILLION $$$$ in foreign aid.


33 posted on 10/28/2022 7:54:44 AM PDT by Liz (MAN PROPOSES.......... GOD DISPOSES the same)
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To: mmichaels1970

LAST UPDATED JUNE 07, 2022............a more recent one.............

https://tradingeconomics.com/country-list/gasoline-prices

But it’s in $/liter so multiply by 3.78 to get $/gallon..........


34 posted on 10/28/2022 7:56:27 AM PDT by Red Badger (Homeless veterans camp in the streets while illegal aliens are put up in hotels.....................)
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To: Red Badger

https://www.youtube.com/watch?v=59njPVe0Q0Q


35 posted on 10/28/2022 7:56:29 AM PDT by elteemike (Light is faster than sound; that's why so many people appear bright until you hear them speak.)
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To: Red Badger
2022 House Forecast: Consensus Forecast

2022 House Forecast

36 posted on 10/28/2022 8:00:03 AM PDT by Liz (MAN PROPOSES.......... GOD DISPOSES the same)
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To: Red Badger

believe it or not, there are many people who take for granted what the senile president says


37 posted on 10/28/2022 8:02:03 AM PDT by californian by choice
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To: Liz

THANK YOU!...............😁👌👍........................


38 posted on 10/28/2022 8:02:03 AM PDT by Red Badger (Homeless veterans camp in the streets while illegal aliens are put up in hotels.....................)
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To: Red Badger

Whenever there’s an article about President Trump, the press is careful to always include ‘debunked’ or ‘lies’ when referring to his beliefs on the 2020 election. But they never include those words on stories about Biden’s outright lies. I wonder why that is.


39 posted on 10/28/2022 8:02:22 AM PDT by hanamizu
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To: Red Badger

Pelosi, Schumer, AOC et al may be holding the wooden stake, but FJB/LGB is almost single handedly driving it into the heart of the Democrat Party...

In a perverse way, I want to be grateful to Joe...He’s doing the job the Republican leadership refuses/has been unable to do...


40 posted on 10/28/2022 8:02:30 AM PDT by elteemike (Light is faster than sound; that's why so many people appear bright until you hear them speak.)
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