{"id":1384773,"date":"2022-03-16T16:43:18","date_gmt":"2022-03-16T20:43:18","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1384773"},"modified":"2022-03-16T16:43:20","modified_gmt":"2022-03-16T20:43:20","slug":"experts-biden-gaslights-on-gas-claims","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/experts-biden-gaslights-on-gas-claims\/","title":{"rendered":"Experts: Biden Gaslights on Gas Claims\u2028"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">12<\/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%2Fexperts-biden-gaslights-on-gas-claims%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=1384773&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><\/div>\n<p>Experts derided a Wednesday tweet by President Joe Biden that purports to show crude oil prices decreasing as gasoline prices increase.<\/p>\n<p>&#8220;Oil prices are decreasing, gas prices should be too,&#8221; the tweet says over a chart that measures oil and gas prices by week since February 1. &#8220;Oil and gas companies shouldn&#8217;t pad their profits at the expense of hardworking Americans.&#8221;<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Oil prices are decreasing, gas prices should too.<\/p>\n<p>Last time oil was $96 a barrel, gas was $3.62 a gallon. Now it\u2019s $4.31.<\/p>\n<p>Oil and gas companies shouldn\u2019t pad their profits at the expense of hardworking Americans. <a href=\"https:\/\/t.co\/uLNGleWBly\">pic.twitter.com\/uLNGleWBly<\/a><\/p>\n<p>\u2014 President Biden (@POTUS) <a href=\"https:\/\/twitter.com\/POTUS\/status\/1504073842871963653?ref_src=twsrc%5Etfw\">March 16, 2022<\/a><\/p>\n<\/blockquote>\n<p>Experts, including <em>Bloomberg<\/em> columnist Javier Blas, energy consultant Bob McNally, and Federal Reserve economist Garrett Golding, blasted Biden&#8217;s claim.<\/p>\n<p>&#8220;There&#8217;s always a multi-week lag between global crude oil and domestic pump price changes, Mr. President,&#8221; McNally <a href=\"https:\/\/twitter.com\/Bob_McNally\/status\/1504080523626528782\" target=\"_blank\" rel=\"noopener\">tweeted<\/a>. He recommended that Biden ask the Energy Information Administration &#8220;to explain these realities to you and your staff.&#8221;<\/p>\n<p>Blas, meanwhile, <a href=\"https:\/\/twitter.com\/JavierBlas\/status\/1504079409145335815\">used<\/a> the same data behind Biden&#8217;s chart to make a chart that shows the oil price far exceeding the gas price.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">I see the White House chart is sourced to Bloomberg LP data. As a public service, I&#8217;m going to suggest a different chart. Mine has some of the same elements (WTI oil and retail US gasoline price), but instead I normalized it, and use Dec 1, 2021 = 100. <a href=\"https:\/\/twitter.com\/hashtag\/OOTT?src=hash&#038;ref_src=twsrc%5Etfw\">#OOTT<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/CrackMargins?src=hash&#038;ref_src=twsrc%5Etfw\">#CrackMargins<\/a> <a href=\"https:\/\/t.co\/JWVbsvI1o3\">https:\/\/t.co\/JWVbsvI1o3<\/a> <a href=\"https:\/\/t.co\/F5v9MQH5uw\">pic.twitter.com\/F5v9MQH5uw<\/a><\/p>\n<p>\u2014 Javier Blas (@JavierBlas) <a href=\"https:\/\/twitter.com\/JavierBlas\/status\/1504079409145335815?ref_src=twsrc%5Etfw\">March 16, 2022<\/a><\/p>\n<\/blockquote>\n<p>&#8220;My chart is nearly as bad as the White House&#8217;s one\u2014emphasis on nearly!&#8221; Blas wrote in a followup tweet. &#8220;The point is both are #ChartCrimes. You can fit almost any narrative into a chart.&#8221;<\/p>\n<p>And Golding <a href=\"https:\/\/twitter.com\/gjgolding\/status\/1504093103153688585\">called<\/a> Biden&#8217;s claims &#8220;misinformation,&#8221; noting that gas prices are &#8220;catching up to make up for what happened over the past two weeks.&#8221;<\/p>\n<p>The difference in prices is &#8220;not price gouging or a grand plot by the industry,&#8221; Golding wrote. &#8220;This is how the business functions.&#8221;<\/p>\n<p>Biden&#8217;s tweet appeared to be plagiarized from a viral tweet 24 hours earlier by Warren Gunnels, the Budget Committee staff director of Sen. Bernie Sanders (I., Vt.), that used the same numbers to argue that &#8220;damn corporate greed&#8221; is responsible for high gas prices.<\/p>\n<p>Biden has <a href=\"https:\/\/freebeacon.com\/biden-administration\/biden-gas-price-scandal-video\/\">blamed<\/a> oil and gas companies, as well as Russia&#8217;s invasion of Ukraine, for price increases in an effort to distract from his administration&#8217;s policies.<\/p>\n<p>Biden canceled the Keystone XL pipeline and instituted a moratorium on new gas leases. And the president&#8217;s congressional allies pushed oil companies to decrease output, the <em>Washington Free Beacon<\/em> <a href=\"https:\/\/freebeacon.com\/politics\/how-dems-helped-spike-gas-prices\/\">reported<\/a>.<\/p>\n<p>Gas and oil prices started spiking before the Russian invasion.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Experts derided a Wednesday tweet by President Joe Biden that purports to show crude oil prices decreasing as gasoline prices increase. &#8220;Oil prices are decreasing, gas prices should be too,&#8221;<\/p>\n","protected":false},"author":1,"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-1384773","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\/1384773","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1384773"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1384773\/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=1384773"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1384773"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1384773"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}