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Gas Prices Have Surged 18% Since Election, Could Skyrocket to $4 Under Biden

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Energy industry executives are sounding the alarm on President Joe Biden’s policies and warning that they will force Americans to pay higher prices for gas and other utilities.

Steven Kopits is a longtime oil industry executive who’s currently the managing director of Princeton Energy Advisors. He’s horrified that since Election Day, gas prices have soared 18 percent, while the price of oil has rocketed almost 50 percent, the Washington Examiner reported Thursday.

Kopits said Biden’s reckless embrace of expensive, ineffective “green-energy” initiatives will hurt all Americans financially and could also damage the president politically.

“Biden has substantial political risk heading in the 2022 midterms,” he told the Examiner.

“He would do well to articulate a more balanced energy package because we may well see gasoline prices above $4 a gallon, and Republicans will not hesitate to finger the moratorium on leasing as the cause,” Kopits said.

Dan Naatz is a senior vice president at the Petroleum Association of America. He said Biden has shown that he doesn’t care about American workers based on his destructive move to cancel the Keystone XL Pipeline, resulting in the loss of 11,000 jobs.

“The Biden administration’s plan to obliterate the jobs of American oil and gas explorers and producers has been on clear display with cancellation of the Keystone XL Pipeline, the initial announcement of a 60-day freeze on federal leasing and permitting,” Naatz told the Examiner.

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