Republicans in Washington have accused the policies of the Biden administration and of his political allies of worsening a global energy crisis that is causing pain at the pump for Americans nationwide.
The average gas price for the week ending May 20 reached $4.59 a gallon, after eleven days of record-high consecutive price increases.
Global energy prices are continuing to worsen as the European Union pledged further oil sanctions on Russia over its invasion of Ukraine.
Record-high inflation and high fuel costs are beginning to cause a slowdown in the U.S. economy, with the consumer price index rising 8.3 percent in April from a year prior, just below March’s 40-year high….