The hacks at CNN are spinning hard for Joe Biden, suggesting the most absurd things about gas prices that will make you eyeroll hard.
Today one of their analysts at CNN Business wrote an article arguing that you should consider falling gas prices as a tax cut or an economic stimulus:
Next time you stop at a gas station, think of it as a $100-a-month tax cut. Or a maybe $100-a-month raise. https://t.co/7FOuCRfrJt
— CNN (@CNN) August 19, 2022
Next time you stop at a gas station, think of it as a $100-a-month tax cut. Or a maybe $100-a-month raise.
The steady drop in gas prices over the last few months has turned into an unexpected form of economic stimulus, coming at a time when the Federal Reserve is trying to cool the economy and battle rising prices with higher interest rates.
Since hitting a record of $5.02 a gallon on June 14, the national average price for regular gas is down $1.10, or 22%, to $3.92, according to AAA. That average has now fallen for 67 consecutive days.
Since the typical US household uses about 90 gallons of gas a month, the $1.10 drop in prices equals a savings of $98.82.
The impact of the extra cash could be a substantial boost to an economy that is showing signs of consumers pulling back on purchasing nonessential items, such as clothing, electronics and household goods.
According to AAA, the reason gas prices have been falling is primarily due to oil prices stabilizing and decreased consumer demand for gas. In other words, it’s so expensive that people are traveling less and thus using less gas.
I’m happy to see gas prices have fallen some, but I don’t consider it a tax cut or an stimulus because it’s still too dang high. Trump’s policies had gas prices down to around the $2 mark but thanks to Joe Biden, they’ve skyrocketed just like everything else.
If Biden had changed his polices so that the American oil and gas sector could produce more and that was the reason gas prices are going down, I’d applaud and give him credit. But that’s simply not what happened and he won’t do that because he’s more interested in destroying oil and gas with this green new deal policies.