On the recordMarch 29, 2023
Mr. President, I am pleased to join my colleagues today, the esteemed Senator from West Virginia and the senior Senator from Texas, to talk about the importance of producing more energy in America, which means that we have got to find a way to press back against the Biden administration's harmful policies that have caused energy prices to increase and have fueled inflation across our entire economy. Gas prices, today, are $3.46 nationally. That is the average--$3.46 nationally. It has gone up 45 percent since President Biden took office. It is almost a 50-percent increase. That means everyone out there, every day, is paying 50 percent more at the pump. And it is not just that. It is the impact on inflation. There is an energy component in every good and every service that people buy. With a 50-percent increase in the price of gas at the pump, think about what that means. That is a 50-percent increase in energy cost in terms of inflation, which is hitting Americans so hard right now. Residential electricity prices spiked 25 percent during the same period. With natural gas, the price is up more than 50 percent--more than 50 percent. What is causing this? Clearly, it is the Biden administration's policies. They spent the last 2 years restricting and curtailing U.S.…





