{"id":1484067,"date":"2022-05-19T09:00:28","date_gmt":"2022-05-19T13:00:28","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1484067"},"modified":"2022-05-19T09:00:44","modified_gmt":"2022-05-19T13:00:44","slug":"gop-senators-slam-biden-for-holding-production-back-as-gas-prices-reach-new-record-high","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/gop-senators-slam-biden-for-holding-production-back-as-gas-prices-reach-new-record-high\/","title":{"rendered":"GOP Senators Slam Biden for Holding Production Back as Gas Prices Reach New Record High"},"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\">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%2Fgop-senators-slam-biden-for-holding-production-back-as-gas-prices-reach-new-record-high%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=1484067&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-->\n<div class=\"featured featured-video video-ct\">\n<div class=\"contain\">\n<div class=\"info\">\n<div class=\"caption\">\n<p>Pennsylvania Senate candidate David McCormick blames President Biden for high gas prices, notes his state&#8217;s natural gas reserves and Biden&#8217;s regulations holding Pennsylvania back from drilling.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>Average <a href=\"https:\/\/www.foxbusiness.com\/category\/oil\" target=\"_blank\" rel=\"noopener\"><u>gas prices<\/u><\/a> in the U.S. reached a new record high Thursday, according to AAA&#8217;s gas price calculator, after Republican senators slammed the <a href=\"https:\/\/www.foxbusiness.com\/category\/joe-biden\" target=\"_blank\" rel=\"noopener\">Biden<\/a> administration for a &#8220;de facto ban on new drilling.&#8221;<\/p>\n<p>The national average cost of a regular gallon of gasoline <a href=\"https:\/\/gasprices.aaa.com\/\" target=\"_blank\" rel=\"nofollow noopener\"><u>hit $4.589<\/u><\/a> early Thursday morning. This price topped Wednesday&#8217;s previous record of $4.567, which had beat Tuesday&#8217;s record of $4.523, which in turn had beat Monday&#8217;s record of $4.470.<\/p>\n<p>The price comes as the European Union <a href=\"https:\/\/www.foxbusiness.com\/markets\/eu-oil-sanctions-russia-no-deal-yet\" target=\"_blank\" rel=\"noopener\"><u>edges toward<\/u><\/a> oil sanctions on Russia amid the Kremlin&#8217;s invasion of Ukraine. It also comes amid record-high inflation, with the consumer price index reaching <a href=\"https:\/\/www.foxbusiness.com\/economy\/april-2022-consumer-price-index-inflation\" target=\"_blank\" rel=\"noopener\"><u>8.3% in April<\/u><\/a>, hovering near March&#8217;s 40-year high. The price hike also follows the Department of the Interior&#8217;s <a href=\"https:\/\/www.foxbusiness.com\/politics\/biden-admin-cancels-oil-gas-lease-sale-record-high-prices\" target=\"_blank\" rel=\"noopener\">cancellation<\/a> of an oil and gas lease sale for over 1 million acres in Alaska&#8217;s Cook Inlet last week, which DOI attributed to a &#8220;lack of industry interest.&#8221; DOI also canceled two Gulf of Mexico leases.<\/p>\n<div class=\"inline image-ct\">\n<div class=\"m\"><source media=\"(max-width: 767px)\" \/><source media=\"(min-width: 768px) and (max-width: 1023px)\" \/><source media=\"(min-width: 1024px) and (max-width: 1279px)\" \/><source media=\"(min-width: 1280px)\" \/><img decoding=\"async\" src=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2021\/11\/931\/523\/biden-gas.png?ve=1&#038;tl=1\" alt=\"image\" \/><\/div>\n<div class=\"caption\">\n<p><span>Gas prices have soared by 50% nationwide over the past year\u00a0<\/span><span> (Getty Images \/ Getty Images)<\/span><\/p>\n<\/div>\n<\/div>\n<p>The White House has blamed Russian President Vladimir Putin for the record-high gas prices in the U.S., even coining the surge as the &#8220;#PutinPriceHike&#8221; and vowing that President Biden will do everything he can to shield Americans from &#8220;pain at the pump.&#8221;<\/p>\n<p><a href=\"https:\/\/www.foxbusiness.com\/politics\/biden-admin-cancels-oil-gas-lease-sale-record-high-prices\" target=\"_blank\" rel=\"noopener\"><strong><u>BIDEN ADMIN CANCELS MASSIVE OIL AND GAS LEASE SALE AMID RECORD-HIGH GAS PRICES<\/u><\/strong><\/a><\/p>\n<p>Biden, last month, announced that the\u00a0<a href=\"https:\/\/www.foxnews.com\/category\/politics\/executive\" target=\"_blank\" rel=\"noopener\"><u>Environmental Protection Agency<\/u><\/a>\u00a0will allow the sale of E15 gasoline \u2013 gasoline that uses a 15% ethanol blend \u2013 across the country this summer. Biden has also moved to release 1 million barrels of oil per day from the Strategic Petroleum Reserve for the next 6 months. The president is also calling on Congress to make companies pay fees on idled oil wells and non-producing acres of federal lands, aiming to incentivize new production.<\/p>\n<p>Yet critics have claimed that Biden&#8217;s actions on energy policies have created a &#8220;supply problem&#8221; in the market.<\/p>\n<p>Twenty Republican senators, led by Sen. Ted Cruz, R-Texas, sent a <a href=\"https:\/\/www.cruz.senate.gov\/newsroom\/press-releases\/cruz-senators-demand-commerce-secretary-stop-permitting-delays-on-existing-oil-and-gas-leases-to-boost-production\" target=\"_blank\" rel=\"nofollow noopener\">letter<\/a> to Commerce Secretary Gina Raimondo calling for the National Marine Fisheries Service (NMFS) to quickly issue permits required to bring additional production online from existing offshore federal oil and gas leases.<\/p>\n<div class=\"inline image-ct\">\n<div class=\"m\"><source media=\"(max-width: 767px)\" \/><source media=\"(min-width: 768px) and (max-width: 1023px)\" \/><source media=\"(min-width: 1024px) and (max-width: 1279px)\" \/><source media=\"(min-width: 1280px)\" \/><img decoding=\"async\" src=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2022\/05\/931\/523\/cruz.jpg?ve=1&#038;tl=1\" alt=\"image\" \/><\/div>\n<div class=\"caption\">\n<p><span>Sen. Ted Cruz, R-Texas<\/span><span> (Fox News)<\/span><\/p>\n<\/div>\n<\/div>\n<p>&#8220;While the Biden Administration and Members of Congress fault the domestic oil and gas industry for sitting idle on over 9,000 drilling permits and millions of acres in \u2018inactive leases\u2019, NMFS\u2019s permitting delays represent one example of the Administration\u2019s de facto ban on new drilling \u2013 impeding domestic oil and gas investment, exploration, and production,&#8221; the senators wrote.<\/p>\n<p><a href=\"https:\/\/www.foxbusiness.com\/economy\/april-2022-consumer-price-index-inflation\" target=\"_blank\" rel=\"noopener\"><strong><u>INFLATION SOARS 8.3% IN APRIL, HOVERING NEAR 40-YEAR HIGH<\/u><\/strong><\/a><\/p>\n<p>The senators attributed the delays to &#8220;three administration-made and admitted mistakes&#8221; that trace back to mathematical errors in calculating the number of endangered species in the Gulf of Mexico in a 2021 final rule governing offshore oil and gas exploration.<\/p>\n<p>&#8220;It is unacceptable that agency miscalculations have restricted access to safe, secure, and reliable domestic oil and gas production through substantial, unnecessary, and arbitrary permitting delays,&#8221; they added.<\/p>\n<p>Within his first week in office, Biden signed an executive order temporarily suspending new oil and gas leases on federal lands. The administration <a href=\"https:\/\/www.foxnews.com\/politics\/biden-administration-resumes-oil-and-gas-leases-on-federal-lands\" target=\"_blank\" rel=\"noopener\"><u>resumed<\/u><\/a> the new leasing last month following court challenges against the ban. The administration is appealing a ruling in which Judge James Cain, a Trump appointee, struck down the ban.\u00a0<\/p>\n<p>Steve Milloy, a former Trump-Pence EPA transition member and founder of JunkScience.com, blamed the president for a lack of U.S. oil production.<\/p>\n<p><a href=\"https:\/\/www.foxnews.com\/apps-products?pid=AppArticleLink\" target=\"_blank\" rel=\"noopener\"><strong><u>CLICK HERE TO GET THE FOX NEWS APP<\/u><\/strong><\/a><\/p>\n<p>&#8220;I blame Biden for all lack of production. He has scared away investment,&#8221; Milloy told FOX Business last week. He suggested that the president will find &#8220;any excuse to not drill. They even tried to use the social cost of carbon decision to stop leasing.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pennsylvania Senate candidate David McCormick blames President Biden for high gas prices, notes his state&#8217;s natural gas reserves and Biden&#8217;s regulations holding Pennsylvania back from drilling. Average<\/p>\n","protected":false},"author":489,"featured_media":2315279,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1484067","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\/1484067","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\/489"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1484067"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1484067\/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=1484067"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1484067"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1484067"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}