Commentary
If the average price of a gallon of gas falls by a penny, White House Chief of Staff Ron Klain will take to Twitter and credit the Biden administration. In the last few months, due to lower demand and other factors, consumers have experienced a reprieve from historic highs. Press secretary Karine Jean-Pierre points out this is “the fastest decline in gas prices in over a decade,” which is like bragging about losing a couple of pounds after packing on 20.
Officials haven’t had much to say lately. That trend is likely to continue. On the morning of Oct. 5, the OPEC+ cartel announced it’s going to cut production by 2 million barrels a day. This, even after the Biden administration engaged in a “full-scale pressure campaign,” according to CNN, to dissuade our alleged allies in the Middle East to change their minds….