Six months ago, the Biden administration made an epically incorrect prediction that gas would fall below $3 a gallon on average.
The resurfaced December forecast underscores just how poorly the Biden administration prepared for inflationary pressures that President Biden has since desperately tried to blame on Russia.
Biden’s epically botched inflation prediction resurfaces
The prediction was, of course, credulously blasted out by Biden regime flunkies at CNN.
At the time, the administration had just spent months dismissing the threat of inflation as “transitory,” despite voters’ concerns. CNN, citing the Energy Department, reported that gas prices had begun dropping and that the trend “should significantly accelerate in the coming months.”
The price of gas in 2022 would average $2.88 in 2022, CNN said in its article, which was flagged by conservative activist Jack Posobiec.
Fast forward to June, and prices are continuing to hit records that most Americans thought they would never see, with many consumers now shelling out $5 per gallon. Needless to say, the days of pretending inflation is “transitory” are over.
Biden has since shifted to finding others to blame for the highest prices in forty years. He calls it “Putin’s price hike,” even though inflation was a problem long before the Russia-Ukraine war began in February. When the conflict started, gas was averaging about $3.50 a gallon.
Weak, angry Biden keeps passing the buck
While Biden and his sympathizers in the national press say there is little he can do to bring prices down, he has recklessly targeted domestic oil production to satisfy the “green energy” lobby.
To make matters worse, Biden has done essentially nothing to help resolve the conflict in Ukraine, which is contributing to the squeeze on global energy supplies.
Even as Americans are getting poorer, Biden is continuing to play the victim, complaining Tuesday that he has been unfairly maligned for “reckless spending.” He again held Vladimir Putin entirely responsible for the pain at the pump Americans are experiencing.
“I’ve done everything in my power to blunt Putin’s gas price hike. Just since he invaded Ukraine, it’s gone up $1.74 a gallon, because of nothing else but that,” he said.
The sad part is, Biden could probably mitigate some of the political damage of inflation if he just took some responsibility. Instead, he keeps passing the buck. Nobody respects weak leaders.