![]() The national average started at about $3.45 in February before nudging higher after hovering around $3.30 in January.īiden defended his decision to block new planes for Ukraine as he faces intense bipartisan pressure to reconsider his decision to ax the aircraft transfer. The average price of US gasoline was $4.34 per gallon on Friday, up sharply from about $3.60 on the last day of February. ![]() However, the latest monthly inflation data released Thursday covered only the first four days of Putin’s invasion of Ukraine. An explosion is seen in an apartment building after Russian’s army tank fires in Mariupol, Ukraine on March 11, 2022. Vladimir Putin did,” Biden insisted once again Friday. Fuel cost can indirectly increase the cost of other goods, aggravating inflation. The White House has made a concerted push to blame Putin for higher gas prices, particularly after the US banned Russian oil imports this week. “Don’t tell me gas prices rose because I’ve slowed down the American energy production,” Biden said before arguing that “Putin’s gas tax has pushed prices up higher.” Give me a break,” the president said 14 months after blocking the controversial project.īiden blamed energy companies for not drilling for more oil, saying, “the oil companies and executives, they don’t want to pump more oil.” President Biden said he didn’t want to trigger “World War III” by transferring fighter jets to Ukraine. “Let’s get something straight here: The Keystone Pipeline was two years away. In December, he claimed that the prior month’s 6.8 percent annual inflation rate was likely the “peak.” He said in July that inflation was “temporary” when it was around 5 percent.īiden insisted that his $1.9 trillion American Rescue Plan and his policies of curbing oil pipeline projects and drilling had little effect on inflation. Inflation began to take off before the White House started warning in November that a Russian troop buildup near Ukraine could be a prelude to an invasion.īiden previously blamed inflation on supply chain issues caused by the COVID-19 pandemic. Make no mistake, inflation is largely the fault of Putin.” And those who would work in the business know that the market anticipated - the prices went up more. Alex Wong/Getty Imagesīiden continued: “Putin began amassing troops along the border and guess what? The world took notice. ![]() From the moment he put his over 150,000 troops on the Ukrainian border, the price of gasoline in January went up 75 cents.” President Biden argued Russia’s invasion of Ukraine was driving up gas prices and inflation. “One-third of all the inflation in America last year was because of the price of automobiles… the companies couldn’t get semiconductors,” Biden said. “The second big reason for inflation is Vladimir Putin. It was unclear whether US or Ukrainian pilots would fly the planes into Ukraine pursuant to the spiked Polish plan.īiden went on to defend his economic record - blaming Russian President Vladimir Putin for annual inflation hitting a fresh 40-year high of 7.9 percent in February, up from 7.5 percent in January. Poland offered to fly the jets to Ramstein Air Base in Germany, where the US would facilitate the transfer. “The idea that we’re going to send in offensive equipment and have planes and tanks and trains going in with American pilots and American crews - just understand, don’t kid yourself, no matter what y’all say, that’s called World War III,” Biden told a gathering of House Democrats in Philadelphia. President Biden on Friday defended his decision to veto the US-facilitated transfer of fighter jets to Ukraine to repel Russia’s invasion, saying, “that’s called World War III.”īiden faces bipartisan blowback for rejecting Poland’s offer to transfer 28 Soviet-designed MiG-29s - after Secretary of State Antony Blinken said Sunday that Poland had a “green light.” Second American killed fighting in Ukraine, State Dept. White House slams ‘appalling’ Russian threat of executing captured Americans ‘Unfortunate mistake’ kept Brittney Griner from calling wife, White House says The West’s dithering has brought Ukraine to the brink- but there’s still time to stave off disaster
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