On the recordMarch 16, 2022
Madam President, on Thursday, the February inflation numbers were released, and the news wasn't pretty. Inflation for February was 7.9 percent, the highest inflation since January of 1982-- January of 1982, 40 years ago. We are in the grip of the worst inflation in 40 years. American families have been hit hard by this crisis as the price of everyday necessities has soared, and energy prices, particularly gas prices, are one of the top challenges facing Americans. Energy prices are up 25 percent on average from a year ago. Electricity is up 9 percent. Propane, kerosene, and fire wood are up 19 percent. Utility gas services are up 23 percent, and prices at the pump for gasoline are up 38 percent. The national average for a gallon of gas was $4.31 on Tuesday, up from $2.86 a year ago. That is $1.45 more per gallon. That is a big problem for American families. That is a big problem for our entire economy. High energy prices don't just have an impact when Americans fill up their cars; they affect prices across the economy. High energy prices drive up the cost of operating a factory. They drive up the cost of raw materials, and they drive up the cost of getting goods to customers. President Biden would like to blame the inflation situation, particularly high energy prices, on Vladimir Putin. I don't need to tell anyone how ludicrous that is. Our inflation crisis has been going on for a year. Vladimir Putin invaded Ukraine 3 weeks ago.…





