{"id":1048760,"date":"2021-11-23T15:43:36","date_gmt":"2021-11-23T20:43:36","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1048760"},"modified":"2021-11-23T15:43:39","modified_gmt":"2021-11-23T20:43:39","slug":"joe-biden-addresses-high-gas-prices-americans-can-save-money-if-they-buy-electric-cars","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/joe-biden-addresses-high-gas-prices-americans-can-save-money-if-they-buy-electric-cars\/","title":{"rendered":"Joe Biden Addresses High Gas Prices: Americans Can Save Money if They Buy Electric Cars"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">30<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fjoe-biden-addresses-high-gas-prices-americans-can-save-money-if-they-buy-electric-cars%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1048760&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/11\/GettyImages-1236627157-640x335-1.jpg\" class=\"ff-og-image-inserted\" \/><\/div>\n<p class=\"subheading\">President Joe Biden promoted his efforts to lower gas prices on Tuesday, but he reminded Americans they would save more money on gas if they owned electric cars.<\/p>\n<p>\u201cFor the hundreds of thousands of folks who bought one of those electric cars, they\u2019re going to save $800 to $1000 in fuel costs this year,\u201d Biden said, referring to the $112,595 electric Hummer pickup he test drove at a General Motors factory in Detroit earlier this month.<\/p>\n<figure id=\"D-ROS-B1\" class=\"a8d\"><\/figure>\n<figure id=\"M-ROS-B1\" class=\"a8d\"><\/figure>\n<figure id=\"gmxrevmore\" class=\"H\"><\/figure>\n<p>The president appeared frustrated that some Americans continue blaming his environmental agenda for higher gas prices, dismissing it as a \u201cmyth.\u201d<\/p>\n<p>\u201cMy effort to combat climate change is not raising the price of gas, what it\u2019s doing is increasing the availability of jobs,\u201d Biden insisted.<\/p>\n<p>He claimed his government subsidies for green energy and electric cars would only help Americans get jobs and save more money.<\/p>\n<figure id=\"M-ROS-B2\" class=\"a8d\"><\/figure>\n<p>\u201cLet\u2019s do that. Let\u2019s beat climate change. With more extensive innovation and opportunities,\u201d Biden said, claiming the economy would be \u201cless vulnerable to these kinds of price hikes\u201d on fossil fuels.<\/p>\n<p>The president notably suspended all federal leases on oil and gas and shut down the Keystone XL pipeline after taking office, which hurt the amount of domestic oil production.<\/p>\n<p>Domestic oil production peaked in December 2019 when former president Donald Trump was in office and has yet to recover from the coronavirus pandemic.<\/p>\n<p>Biden still has no plan to increase the domestic production of oil, but he frequently complains that OPEC+ nations are not releasing enough oil to the world.<\/p>\n<p>The president has also resisted leveling an export ban of oil from the United States or loosening blending regulations and standards to alleviate the cost of production.<\/p>\n<p>Biden announced plans to release 50 million gallons of oil from the Strategic Oil Reserves to help lower prices but cautioned Americans it would take a while to have an effect on gas prices.<\/p>\n<p>\u201cWhile our combined actions will not solve the problem of high gas prices overnight, it will make a difference,\u201d he said. It will take time, but before long, you should see the price of gas drop where you fill up your tank.\u201d<\/p>\n<p>Biden\u2019s efforts did not immediately have the desired effect on the oil market as prices <a href=\"https:\/\/www.breitbart.com\/economy\/2021\/11\/23\/reserve-release-backfires\/\">rose<\/a> over three percent per barrel on Tuesday morning after his announcement.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Joe Biden promoted his efforts to lower gas prices on Tuesday, but he reminded Americans they would save more money on gas if they owned electric cars. \u201cFor the &#8230;<\/p>\n","protected":false},"author":24,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1048760","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1048760","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1048760"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1048760\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1048760"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1048760"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1048760"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}