Madam President, I come to the floor today, along with my colleagues, because Americans are continuing to take a financial hit with more expensive, less reliable energy resulting from the Biden administration's harmful energy agenda. In the middle of the summer travel season, drivers are paying record- high prices at the gas pump. Gas is now $4.63 a gallon nationwide and an average of $4.57 per gallon in my home State of North Dakota. Sky-high energy prices are fueling record inflation, driving up the cost of goods across the entire economy. The current CPI rate came out this morning--9.1 percent--9.1 percent, the highest in over 40 years. And it hurts every single American--at the gas pump, at the grocery store, everything they buy. Unbelievable. Of course, energy is a big part of that inflation. There is an energy component in every good and service that you get. Electricity prices have risen 13.7 percent. Natural gas and heating oil prices have ballooned by 38.4 percent and 98.5 percent, respectively, over the last year. In addition to higher prices, the North American Electric Reliability Corporation, or NERC, warned that homes and businesses across much of the country are facing higher risk of blackouts and brownouts this summer. President Biden's energy policies are threatening the economic well-being of Americans and our national security.…
On the recordJuly 13, 2022
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