Gasoline prices are at their highest point in seven years. The average price in every state is now above $3 per gallon. In California, some towns have reached $7 a gallon. Such a dramatic increase in price of a necessary expense for hundreds of millions of Americans can have a devastating impact on family budgets and our overall economy.
It doesn’t have to be this way.
Two years ago, America was the world leader in oil and gas production which helped provide the market with adequate supply to keep prices affordable. In just nine months, the Biden administration has forfeited this leadership and cratered American energy production through policies that cut American production.
Now, in a frantic effort to alleviate the surging costs, President Biden isn’t looking to American leadership but instead is begging OPEC to increase production. This is “America-last” policy in action.
Democrats want to make this retreat permanent. Included in their social spending proposal is a moratorium on oil and gas production on federal lands.
Their plan will:
- Impose crushing new costs and fees on domestic producers
- Impose a drilling moratorium on top of existing regulations
- Halt efforts to develop copper and other minerals necessary for renewable energy and battery storage
All of this will squeeze American supply from the market even further, leading to higher prices at the pump.
What’s worse: self-interested Democrat politicians are completely ignoring the harmful impact this will have on hard working Americans.
Today, House Republican Leader Kevin McCarthy (CA-23) hosted a roundtable discussion with some of his colleagues in Congress and Americans from across the country to hear how their lives and businesses have already been impacted by higher gas prices and what further increases would do.
Here are some main takeaways from the conversation:
High gas prices hurt working class families.
Republican Leader McCarthy: “During a recent townhall, President Biden said higher gas prices could last for a while. He said ‘I don’t have a near-term answer, it’s going to be hard…’ But it’s not hard. America could be energy independent, and when America is energy independent not only are gas prices lower, but it’s better for our environment. But the other part is that the world is safer.”
Representative Stauber: “The keep-it-in-the-ground mentality it’s strong and well-funded. We have to fight back because this is an attack on the middle class… the middle class is going to pay more for gas at the pump.”
Young’s Commercial Transfer President Scott Daniel: “My company alone will burn around 3 million gallons of fuel this year. And with fuel as expensive as it is right now, that adds millions of dollars to our bottom line, which makes it really hard to stay in business and keep this going. More importantly, your constituents and everyone watching today, it’s immediately going to hit all of your food at the grocery store.”
Jalapeño Corp. Vice President Emmons Yates: “A lot of what I am seeing in these bills is that these are things that will raise costs, we all know that. But the real effects of them aren’t going to be seen until the next 2-3 years.”
High gas prices are a national security issue.
Representative Graves: “Shutting down energy production in the states we all represent in the United States, yet then turning to countries like Russia, Venezuela, Iran, Saudi Arabia, Nigeria, and asking through this OPEC+ request, our very own White House is asking them to produce more energy.”
Representative Herrell: “That just simply makes people not want to invest in energy. We can produce it cleaner and more affordably than any other country, yet we’re putting ourselves at the risk of buying energy from our adversaries. It makes no sense at all.”
Taft Mayor Dave Noerr: “Only as recently as 1988, the state of California only imported about 4.5% of all the oil that we consumed in our state. Last year we imported over 70%. If you wonder what happens when you give up energy independence, that’s what’s going on.”
The oil and gas industry provides critical jobs and revenue for our communities.
Representative Bice: “Approximately 25% of our state’s revenue comes from the oil and gas industry. The fees, taxes, and regulations that this administration is looking to levy will impact every single piece of Oklahoma.”
Robinson Oil Corporation President Erin Graziosi: “We have already seen refineries move out of the state or reduce production, and that increases costs and causes a fair amount of supply issues… pushing oil extraction or field production outside the U.S. will only exacerbate that problem.”
Artesia Mayor Raye Miller: “When I look at some of the impacts that are proposed in this it is truly adding costs in every way, shape, and form. Our industry could be a burden to where we try to over time eliminate domestic production. Unfortunately, as we all realize at this point, we are going to need oil and gas energy from years to come.”
Superior Mayor Mila Besich: “Right now with this bill standing… it will be absolutely devastating to the community of Superior. As it is, the current administration has put a halt on what’s already been a decades-long process to permit the resolution copper mine, which in my community and generations of miners have been waiting for this approval to go through.”
Joining Leader McCarthy were Representatives Garret Graves (LA-06), Yvette Herrell (NM-02), Stephanie Bice (OK-05), and Pete Stauber (MN-08). They were joined by Erin Graziosi, the President of Robinson Oil Corporation (Rotten Robbie), Dave Noerr, the Mayor of the City of Taft, California and President and CEO of Huddleston Crane Service, Scott Daniel, Co-owner and President of Young’s Commercial Transfer, Raye Miller, Mayor of Artesia, New Mexico and Head of Regeneration Energy, Mila Besich, Mayor of the Town of Superior, Arizona, and Emmons Yates, Vice President of Jalapeño Corp.