Biden Says No Relief in Sight as National On-Highway Diesel Prices Rise AGAIN
Washington D.C. — The national average price for on-highway diesel rose again last week for the seventh time in the last eight weeks, but do not expect things to change any time soon.
According to the U.S. Department of Energy’s (DOE) latest weekly report, the national average price for diesel for the week ending October 25, jumped another 4.2 cents to $3.713 per gallon.
Diesel prices also saw an increase of 8.5 cents per gallon the week prior and are up $1.328 per gallon from this time last year.
In fact, the average cost of diesel hasn’t been this high since December 2014 and many truckers (like @taylorbilt on Twitter) are directing their ire at the White House.
Thanks Brandon…. pic.twitter.com/bu7Iv6GWPb
— American Trucker 🇺🇸 (@taylorbilt) October 25, 2021
It’s not just diesel consumers that are feeling the pain at the pump.
The national average price for gasoline now sits at $3.322 per gallon.
That’s up $1.172 per gallon from the same period in 2020.
Meanwhile, President Joe Biden says Americans should expect diesel and gas prices to continue rising into 2022.
When asked about the issue last week during a CNN town hall event, the President said he doesn’t have a quick fix.
“I must tell you. I don’t have a near-term answer,” Mr. Biden told the friendly CNN audience. “It’s gonna be hard. There’s a possibility to bring it down. It depends a little bit on Saudi Arabia and and few other things that are in the offing.”
The President said he could tap the Strategic Petroleum Reserve as a way to provide relief, but he was hesitant to do so since it would “probably reduce the price of gas maybe 18 cents or so a gallon.”
The spike in energy costs is yet another crisis the Biden Administration is now grappling with.
Recent polling on the issue indicates most Americans are now blaming the Biden Administration’s policies for the spike.
However, the White House is standing firm on its decisions to address the “existential threat to humanity” posed by “climate change” and intends to continue on its current path.
The president recognizes climate change as an existential threat to humanity. That’s why at @COP26 in Glasgow, @POTUS will present a commitment to the world that America will get to a net-zero emissions economy no later than 2050.
— The White House (@WhiteHouse) October 25, 2021
When questioned earlier this month about Biden’s energy policy agenda and how it is impacting fuel prices, White House Press Secretary Jen Psaki said, “Certainly we all want to keep gasoline prices low, but the threat of the climate crisis certainly can’t wait any longer.”