THE FACTS: Biden’s policies aren’t behind the price increases. Gas prices are up because of a rapid and unexpected bounce-back in demand, and because of lingering problems from the forced shutdown early this month of the Colonial Pipeline, which provides 45% of the fuel consumed on the East Coast.
McCarthy’s comparison to a year ago is also misleading. Gasoline prices didn’t fall at the time because of the Trump administration, as Trump often claims; they plunged because of the coronavirus forcing people to abandon their offices, schools, business trips and vacations. Underscoring the connection to the pandemic shutdown, U.S. gas prices were at their lowest in April 2020 when people were staying home most but have mostly risen since then, according to U.S. Energy Information Administration, even when Trump was still in office.
In recent weeks, the biggest factor has been the cyberattack on the Colonial Pipeline. Even though it has been back in operation for nearly two weeks, many states, mostly in the South, still haven’t fully recovered.
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