"Average gas price: June 2020: $2.21 June 2021: $3.07 President Biden's economy!" Rep. Jim Jordan (R-Ohio) tweeted during the summer.
"You forgot to mention that gas prices are the same now as they were in June 2018," White House Press Secretary Jen Psaki fired back. "Or that this time last year unemployment was 11.1% — today it's 5.8%. @POTUS agrees families shouldn't pay more at the pump — that's why he's opposed to GOP proposals to raise the gas tax."
Yet, the Democrats' $3.5 trillion budget reconciliation bill reportedly includes an estimated $6 billion worth of charges on U.S. oil and gas operators on federal lands, which could effectively put mom and pop small business, and minority and Native-owned operations out of business, in addition to killing tens of thousands of jobs.
There isn't enough oil and gas supply to meet U.S. demand, due to a combination of factors, including the Biden administration halting new leases on federal land, halting the Keystone Pipeline, increasing regulatory burdens, and other measures that will take years to correct, those in the industry argue.