STATEMENT: GAS PRICES FALLING THANKS TO BIDEN ADMIN

FOR IMMEDIATE RELEASE 
October 28, 2022

Contact: 
TJ L’Heureux, Press Secretary
[email protected]

STATEMENT: GAS PRICES FALLING THANKS TO BIDEN ADMIN

Gas Prices Have Decreased for the Past 10 Days

WASHINGTON, D.C. — The national average for gas prices has fallen for ten days, according to data from GasBuddy. The drop in prices comes as the Biden Administration opened 14 million barrels of oil from the Strategic Petroleum Reserve for sale, lowering costs for American families.

Invest in America’s senior adviser Zac Petkanas issued the following statement:

“Gas prices are going down thanks to the work of the Biden administration releasing oil from the nation’s Strategic Petroleum Reserve and holding oil companies accountable for gouging working Americans at the pump with high prices.”

“This is one part of a much larger strategy to get prices down for families, including implementing the Inflation Reduction Act, crucial legislation helping reduce utility bills and prescription drug costs.

“Unfortunately, while we’re hearing a lot of noise about inflation from congressional Republicans, we aren’t seeing any sort of plan from them that will actually address the issue. The time is for less talk and more actions like the Biden Administration is taking to lower health care and energy prices.”

About Invest in America

Invest In America is a national rapid response operation advocating for robust public investment to rescue the economy from the COVID crisis and create prosperity for the future, and to fight back against fear-mongers who use deficit concerns as a scapegoat to starve American communities and businesses of resources.

The operation consists of two components: Invest in America, the charitable and public education arm, which is a fiscally sponsored project of Economic Security Project funded by the William and Flora Hewlett Foundation and Economic Security Project co-chair Chris Hughes; and Invest in America Action, the advocacy and social welfare arm, which is a fiscally sponsored project of Economic Security Project Action funded by Chris Hughes and the Omidyar Network.

Learn more at InvestInAmericaNow.com and @InvestNowUSA, and InvestinAmericaProject.com.

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