Former President Donald Trump lamented that some Americans have to pay significantly high gas prices as millions hit the road for Memorial Day.
What he said: The former president did not name his predecessor in his statement but did take aim at some of President Joe Biden’s actions as president. In addition to mentioning the rise in gas prices, he suggested that the U.S. is no longer “energy independent.”
“With Memorial Day Weekend coming up, tomorrow people start driving in the biggest automobile days of the year. I’m sorry to say the gasoline prices that you will be confronted with are far higher than they were just a short number of months ago where we had gasoline under $2 a gallon,” Trump wrote.
“Remember as you’re watching the meter tick, and your dollars pile up, how great of a job Donald Trump did as President. Soon Russia and the Middle East will be making a fortune on oil, and you will be saying how good it was to have me as your President. Wasn’t it great to be energy independent, but we are energy independent no more. Shame, shame, shame. Other than that, have a great Memorial Day Weekend!” he concluded.
The gas prices: AAA says that Memorial weekend would see the highest gas prices since 2014. At the time, the national average gas price was $3.65 cents per gallon and as of Thursday, the national average sat at $3.04 per gallon.
The high gas prices are expected to remain at elevated levels throughout the summer.
Worth noting: The motor club federation projects that 37 million Americans travel this weekend, which represents a 60% increase compared to last year where travel was brought to a minimum due to the pandemic-related measures.
How we got here: Gas prices jumped after the Colonial Pipeline went offline for six days due to a ransomware attack, a move that led to shortages and forced gas stations to temporarily shut down. Other contributing factors include the cancelation of the Keystone Pipeline and the ban on new leases for oil and gas exploration on federal lands.
Economic analysts also point to a rise in demand as states reopen and withdraw coronavirus-related restrictions.
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