Renew..

 

• President Biden's administration has prioritized a transition to clean energy and implemented stricter environmental regulations, including canceling the Keystone XL pipeline permit on his first day in office.
• Gasoline prices did rise significantly during the first part of his term, reaching a peak national average of over $5 per gallon in June 2022.
• Inflation also rose, driven by a combination of global supply chain issues related to the COVID-19 pandemic, strong consumer demand as economies reopened, and Russia's invasion of Ukraine, which disrupted global energy markets. 
• While critics attribute the price hikes to Biden's "anti-fossil fuel" agenda, economic experts argue that global crude oil prices and market dynamics had a much larger influence.