After months of claiming that inflation is “transitory” and set to recede, the Biden administration of late has been a lot more candid about the dramatic rise in prices for everything from food and clothing to gasoline and natural gas.
And on Sunday, Energy Secretary Jennifer Granholm was even more so, admitting that Americans are simply going to continue paying higher energy costs.
The Daily Wire notes:
Energy Secretary Jennifer Granholm told CNN on Sunday that Americans will pay more to heat their homes this winter as energy prices continue to skyrocket and that the administration hopes that gas prices do not hit $4 per gallon.
“So, according to AAA, the national average of gas prices is now $3.42 a gallon. Bank of America is predicting crude oil prices could soar another 50 percent by next June,” CNN host Dana Bash said. “Could the average gas price in America be $4 a gallon in the United States soon?”
“Well, we certainly hope not,” Granholm responded. “As I say, the Energy Information Agency is going to put out their forecast this week.”
“The president is all over this,” she claimed.
“Should Americans in what will likely be a cold winter — most of them are — expect to pay higher prices for heating their homes?” Bash asked at a later point.
“Yeah, this is going to happen,” Granholm responded. “It will be — it will be more expensive this year than last year. We are in a slightly beneficial position, certainly relative to Europe, because their chokehold of natural gas is very significant.”
Bash opened the segment this way:
After a bruising Election Day for Democrats, President Biden spent the weekend celebrating a significant win, bipartisan passage of his $1.2 trillion infrastructure bill, which passed the House overnight Friday with the support of 13 Republicans and gives billions of dollars to the nation’s bridges and roads, as well as broadband, water and energy systems.
Saturday, the president heralded a victory, calling it a monumental step forward as a nation. The president is still pushing Democrats on the Hill to pass the other half of his domestic agenda, the $1.75 trillion social spending bill and climate bill.
The administration had hoped to pass this legislation together, but the timeline for the larger bill slipped last week after moderates in the House demanded more information on the bill’s cost.
As to what President Biden can do about high gas prices, Granholm said:
Well, he can call upon [OPEC] to increase supply. And they have chosen this past week not to do that.
So, that is going to increase the chokehold on access to affordable fuel at the pump. And so the president is looking at all of the tools that he has.
As for releasing oil from the U.S. Strategic Oil Reserve:
That’s one of the tools that he has. And he’s certainly looking at that.
Overall, what’s the strategy to decrease the oil crunch so prices will trend lower?
Let us get off of the volatility associated with fossil fuels and associated with others who don’t have our country’s interests at heart and invest in moving to clean energy, where we will not have this problem. And that’s so much of what these two bills are focused on.