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Everyone Suffers Under Biden’s Diesel Crisis


11.02.22

E&C GOP Leading to Reverse This Cost-of-Living Surge

President Biden has waged war on American energy since day one in office. His radical rush-to-green agenda has led to skyrocketing energy prices and our critical energy supplies declining to historic lows.  

A new report from the Energy Information Administration shows just how much Biden’s agenda has drained our energy supplies and weakened our energy security:  

  • U.S. inventories of distillate fuel — used in diesel, jet fuel, and heating oil — are at the lowest level since 2008 
  • The retail price of diesel alone in the U.S. has risen from a national average of $3.50 per gallon at the beginning of 2022 to over $5.50 per gallon in May, and there has been little relief since then.  
  • U.S. distillate inventories have declined considerably in the last year, with some regions experiencing inventory lows not seen since the 1950s.  

WHAT IT MEANS: Every part of the American economy is hurt as a result of Biden’s diesel crisis. It now costs even MORE for truckers to deliver food and everyday items we need. Farmers are paying more to grow food and produce key ingredients. It’s making it harder to keep grocery store shelves stocked, which is making it even more expensive to put food on the table for families who are already crushed by 40-year high inflation and grocery costs. 

It’s hurting families like Sherri’s: 

“The price of fuel that we are experiencing in my company, unfortunately, my customers are experiencing that as well. It’s a pass-on in part to our customers. We haul anything from water to tires—all sorts of goods on our trucks. And that cost is going into those goods.” 

President Biden’s radical climate agenda is contributing directly to the diesel shortage and high prices Americans are now facing. Since day one, his administration has imposed a moratorium on fossil energy production on federal lands, blocked the construction of new pipelines, and proposed punitive regulations on refineries. According to the Wall Street Journal, he has leased fewer acres of federal land for oil and gas drilling than any other president since Harry Truman. 

Now, with energy prices at record highs, President Biden is turning to OPEC and Russia, while trying to shift blame onto energy companies and threatening them with higher taxes—which will hurt American workers, further stifle production, and lead to unaffordable energy prices. 

Energy and Commerce Republicans are sounding the alarm on Biden’s diesel crisis: 

It’s past time to reverse the high costs of President Biden’s forced energy transition and flip the switch on American energy production to unleash our refining capacity, build more pipelines, and drill more here in the United States. Energy and Commerce Republicans remain committed to leading on solutions to lower costs, reduce emissions, and strengthen our energy security. 

CLICK HERE to read more about E&C Republican solutions that flip the switch on American energy production and lower costs for people across the country.  

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