Biden blames Saudis, Russians for rising gas prices: President says he was able to bring gas prices down by $1.60 – but OPEC production cuts have meant they are on the way back
President Joe Biden on Friday blamed the actions of Saudi Arabia and Russia for forcing up gas prices as he tried to say his administration was driving costs down — while Republicans would let them rise again.
He used a speech at a Volvo engine plant in Maryland to mark National Manufacturing Day to tout what he and his team believe is a record of economic success.
And he contrasted that with what he said would be if ‘Park Avenue’ Republicans took power in November’s midterms.
“Every kitchen table cost will not go down,” he said, painting a dark picture of what a Republican victory would mean for families.
‘And I realize that costs are going up on food and that I was able to get petrol down over $1.60 budgets are going up because of what the Russians and the Saudis just haven’t finished.’
This week, his hopes that gas prices would continue to fall were dashed when the OPEC+ oil alliance announced it would cut production.
President Joe Biden used a visit to a Volvo plant on Friday to tout his administration’s economic record and blamed Russia and Saudi Arabia for gas price hikes
Gas prices have started to rise again across the US after falling in recent weeks
It was especially embarrassing for Biden, who played on a public meeting with Saudi Arabia’s Crown Prince Mohammed Bin Salman, who is accused of plotting the murder of American journalist Jamal Khashoggi, in hopes of mending the relationship.
And it comes a month before midterms that could return control of the House and Senate to Republicans.
In his remarks, Biden warned that Republicans would pass policies that could mean the end of Social Security, Medicare and veterans benefits.
He also called out several Republican lawmakers by name, saying they had written to his administration urging money for the districts despite voting against the bipartisan infrastructure bill and dismissing it as socialism.
Biden made his speech at Volvo Group Trucks’ power plant, which builds engines, just outside Hagerstown.
He highlighted the latest jobs report, which showed 263,000 jobs were created in September – along with about 10 million during his tenure.
But even with so much good news to share, he couldn’t help but start with a gaffe.
“We start with two words: Made in America,” he told his audience in a warehouse filled with machinery and American flags.
‘Made in America. That’s not hyperbole.’
Having struggled for much of his term with crippling inflation and record gas pump prices, Biden and his team believe they have a good story to tell.
Biden is leaning on his economic record after several recent legislative victories and a sense that the outlook is improving just in time for the midterms.
“Across America, we’re proving that ‘Made in America’ isn’t just a slogan, it’s a reality, to prove that our best days are ahead of us, not behind us,” said after visiting the facility.
A day earlier, he predicted that a $20 billion investment by IBM in New York’s Hudson River Valley will help give the United States a technological edge over China, during an appearance with two House Democrats in contests.
He said IBM’s commitment was part of a larger manufacturing boom spurred by the passage this summer of a $280 billion measure — the CHIPS and Science Act — intended to boost the semiconductor industry and scientific research.
That legislation was necessary for national and economic security, Biden said in Poughkeepsie, adding that “the Chinese Communist Party actively lobbied against” it.
“The United States needs to lead the world in producing these advanced chips — this law will ensure that it will,” Biden said.
The CHIPS and Science Act, which Biden signed into law in August, was a rare piece of legislation for which the president was able to win bipartisan support.
And it has given Democrats hope that voters will respond to good news despite months of economic pain.