In late 1973, an Arab-led oil embargo on several Western countries sent gas prices soaring, forcing Americans to ration their time behind the wheel.
Almost 50 years later, Joe Biden is overseeing a petroleum price crisis of his own making through his self-proclaimed "Clean energy revolution." As consumers face soaring gas prices, President Biden needs to pump the breaks on his punishing policies.
To make matters worse, increases in the price of gas are particularly regressive-meaning poorer families spend a greater share of their income on gas than their wealthier counterparts.
Coupled with onerous zoning regulations in many parts of the country, which force lower income workers to live and commute from further afield, rising gas prices serve a punishing blow to household budgets.
Unlike during the 1970s, when rapid political developments in the Middle East sent domestic prices soaring, the current price squeeze is the slow accumulation of Joe Biden's near-sighted policies.
As gas prices rise, instead of tempering the crusade against domestic oil production, the administration and its congressional allies are doubling down.
Draining family budgets through sky-high gas prices until they are bullied into buying a congressionally approved car is cruel.
https://www.wnd.com/2021/10/biden-doubles-domestic-oil-gas-prices-surge/
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