Pulling the receipt…
Pulling the receipt…
MEBRO
06/23/26 · 11:07 AM UTC · 11 SOURCES
“Gas prices hit $5.00 under Joe Biden because Democrats printed money and killed American energy.”
LEANS FALSE · HIGH CONFIDENCE
TL;DR ·Gas prices did peak above $5.00 in 2022, but experts cite global factors as the cause.
The national average price for a gallon of gasoline did exceed $5.00 for the first time in June 2022 during Joe Biden's presidency . When Biden took office in January 2021, the price was approximately $2.39 to $2.46 per gallon . However, the claim's attribution of these prices to printing money and killing American energy is a subject of intense partisan debate and is contested by economic analysis. High-credibility sources and fact-checkers state the 2022 price surge was largely due to post-Covid supply disruptions and the Russian invasion of Ukraine, which threatened global energy markets . While Republican officials have frequently blamed Biden’s energy policies for the increase , reports indicate that global market forces and geopolitical events were the primary drivers of the record-high costs .
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