WH Claims Americans Saved $420M On Gas As Biden Taps Oil Reserve

A satirical protest sticker critical of American President Joe Biden, with text reading I Did That, has been placed on a gasoline pump in Lafayette, California, likely to imply responsibility for high gasoline prices, December 29, 2021. (Photo by Smith Collection/Gado/Getty Images)

At a glance

  • White House press secretary Karine Jean-Pierre was slammed Tuesday for claiming that Americans have saved $420 million on gas since pump prices hit all-time recorded highs earlier this year — even as President Biden goes to the Strategic Petroleum Reserve well for 15 million more barrels of oil.
  • “Every month, the typical two-driver family saves about $120 at the pump compared to where we were in mid-June,” Jean-Pierre told reporters during her regular briefing. “Everyday Americans — Americans saved about $420 million at the pump compared to mid-June.”
  • While the price of gasoline has fallen from a nationwide average of $5.01 per gallon on June 14 to $3.85 per gallon as of Wednesday, according to AAA, Americans are still feeling pain at the pump compared to when Biden took office — when the price of a gallon of gas averaged $2.37.

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