As Americans start the summer driving season this Memorial Day weekend, they face gasoline prices that are memorable — for all the wrong reasons.
A national-average gallon of regular gas cost $2.37 at President Joe Biden’s inauguration. This metric hit an all-time-high $4.60 on Thursday, AAA reports — up 94 percent.
Biden does not feel Americans’ pain. Indeed, the Sadist-in-Chief gleefully inflicts this torture. Saying the quiet part aloud, he expects thanks for this punishment.
Visiting Tokyo Monday, Biden told journalists: “When it comes to the gas prices, we’re going through an incredible transition that is taking place that, God willing, when it’s over, we’ll be stronger, and the world will be stronger and less reliant on fossil fuels.”
Biden desperately wants Americans to abandon gasoline-powered cars and adopt electric vehicles (EVs). Of course, as a weekly communicant in the Church of the Green New Deal, Biden forgets that 80 percent of an EV’s volts stem from disgusting natural gas (38.3 percent), nasty coal (21.8 percent), and glow-in-the-dark nuclear (18.9 percent). Only 20 percent flows from beautiful windmills (9.2 percent), gorgeous solar panels (2.8 percent), renewable-but-fish-spooking hydropower (6.3 percent), and other “green” sources.
Biden could not care less that inflation-depleted consumers will struggle to buy these largely fossil-fueled EVs. According to Kelley Blue Book, average transaction prices for new EVs ran $65,977 in March versus $45,927 across the auto industry — (43.6 percent higher) and $26,052 for compact cars (253.2 percent more).
Inconvenient truth: Magic wands do not manufacture EVs. Building them requires natural resources, many too rare to square with Biden’s fantasy production expectations.
Lithium is scarce. This key EV component’s prices rocketed 438 percent year-on-year in April to what Tesla’s Elon Musk called “insane levels.”
Joe Lowry, AKA “Mr. Lithium,” warns that there is no quick fix here.
“You can build a battery factory in two years, but it takes up to a decade to bring on a lithium project,” Lowry told Bloomberg. “In a 2050 scenario, there’s time for everything to happen that needs to happen. But in 2030, it just isn’t going to happen. Just look at the mess we’re in from a lithium supply standpoint with less than 10 percent EV penetration.”
Traditional cars use 18 to 49 pounds of copper, according to Copper.org. EVs need 183 pounds. Nickel is another key EV ingredient. So, naturally, Biden is encouraging copper and nickel production.
Biden’s Interior Department last January canceled Chile-based Antofagasta’s planned Twin Metals copper and nickel mine in Minnesota. Last fall, the White House slapped a 20-year mining ban on that state’s Boundary Waters region, scotching another proposed Antofagasta copper mine.
Biden’s Left hand does not know what his Far-Left hand is doing.
Meanwhile, Biden’s War on Oil has raised West Texas Intermediate crude from $53.24 per barrel, when he arrived, to $110.33 Wednesday – up 107.2 percent. This and massive Biden-Democrat federal spending increased April’s year-on-year inflation to 8.3 percent, nearly six times higher than Trump’s final 1.4 percent rate in January 2021. Bidenflation began long before the Ukraine-invasion-related “Putin’s price hikes” that Biden blames for falling buying power.
Biden also battles U.S. oil as a poison worth locking underground. Simultaneously, he pleads for higher output from toxic autocrats in Caracas and Tehran. Burning Venezuelan and Iranian oil generates carbon dioxide (who knew?), which Biden considers cyanide. In fact, a 2018 paper in Science confirmed that their petroleum is more carbon-intensive than US oil. It also is produced without American-style environmental safeguards.
Caudillos and ayatollahs are exempt from Biden’s War on Oil. He wants them to sell America the petroleum that he insists Americans leave untouched.
This makes no sense. Internal logic is lost on Biden and his neo-Marxist comrades. If this makes the American people cry, to Hell with them.
Biden promised normalcy after the tumultuous Trump years. Instead, America’s Sadist-in-Chief pumps pain, poverty, and policy incoherence by the tank.