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Pelosi opposes increasing US oil production due to rising gas prices due to the Ukrainian invasion

Photo Credit: US Department of Labor

Nancy Pelosi (D-Calif.), speaking at her weekly press conference on Thursday, blamed rising gas prices on Russia's invasion of Ukraine. Also, Pelosi said she would support a resolution by Sen. Joe Manchin (D-W.Va.) prohibiting the import of Russian oil, but opposed increasing domestic production.

The move has been applauded by Democrats who agree with Biden's attitude toward climate change.

Still, nearly all American travelers use oil-based fuels to get around. In these circumstances, the United States has become dependent on the Organization of Petroleum Exporting Countries (OPEC) and Russia since domestic oil production has decreased. Consequently, the price of energy-especially gasoline-has soared much faster than inflation as a whole.

As per the most recent Consumer Price Index published by the U.S. Commerce Department, prices have increased by 7.5 percent on average over the past year. By contrast, gasoline prices have increased by 40 percent.

Pelosi claimed, despite the fact that oil and gas prices have been rising since before the Ukrainian conflict began. "The issue of gas and oil prices are directly related to what is going on in the Ukraine," she said.

Several members of Congress have suggested getting rid of the federal gas tax, which she noted would help reduce gas prices. Although it seems straightforward, she said it isn't easy.

Pelosi heard a Ukrainian lawmaker say that "our people are being slaughtered, our nation is being overrun, and people are complaining about paying a little more for gas." “Well, we don’t want people paying a little more for gas,” she quickly added.

3 March 2022


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