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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What else can you expect from a Party that insists that a man can birth a baby?
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.
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.
They do....................
Got link?..............
He lies bigly.
Now that’s a lot of drachma!
> 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.
You were expecting WHAT...the truth?
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.
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.
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..........
2022 House Forecast
believe it or not, there are many people who take for granted what the senile president says
THANK YOU!...............😁👌👍........................
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.
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...
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