Americans for Prosperity cuts gas prices to highlight impact of inflation under Biden
AFP VP of Government Affairs Akash Chougule joined 'Fox & Friends' to discuss how the organization has taken to action to help Americans as they battle sky-high prices at the gas pump.
Rep. Alexandria Ocasio-Cortez, D-N.Y., put former President Trump on blast, alleging that he would enable foreign energy producers to "price gouge" if he wins re-election.
In an interview on Spectrum News NY1 on Thursday, Ocasio-Cortez reacted to Trump's upcoming rally near her district and potential messaging the former president may use to appeal to the working-class borough.
"I suspect there's going to be a lot of out-of-towners there," the Democratic representative said. "And listen, we have a big, diverse city, I'm sure someone will be showing up supportive."
WHITE HOUSE RELEASED 1M BARRELS OF GASOLINE, ATTEMPTING TO BRING PRICES DOWN
Rep. Alexandria Ocasio-Cortez warned that former President Trump would raise gas prices by enabling foreign energy producers to "price gouge." ((Left: REUTERS/Brian Snyder, Right: REUTERS/Sarah Silbiger) )
Ocasio-Cortez turned the conversation to gas prices, warning voters that Trump would raise prices by enabling foreign energy producers to "price gouge."
"But even on the economic point, we just saw that the former president met with oil executives last week saying, hey, you give me $1 billion, and I'll make sure that you get the policies that are favorable to raising gas prices and making sure that a lot of these companies continue to price gouge without proper oversight or regulation," Ocasio-Cortez said.
"And so the idea that we'd be bringing those down when he's cashing in for those same folks that are bringing those prices up, I think is a little bit suspect," she added.
Gas prices are pointing up at a gas station in Sherman Oaks but 2.9 million are driving to Memorial Weekend getaways on Wednesday, May 22, 2024 in Los Angeles, CA. (Brian van der Brug / Los Angeles Times via Getty Images)
Sticker Shock at the Pump
AOC's words of warning came after AAA announced last week that gas prices were over 50% higher than when Biden was inaugurated.
The national average for a gallon of gas was nearly $3.62, up from $2.39 on Jan. 20, 2021, when the president was sworn in. Gas prices for part of 2022 - a year after Biden took office- were double what they were when he was sworn in. According to AAA, the highest recorded average price for unleaded gas in the U.S. was on June 14, 2022, when a gallon cost consumers $5.016.
Nationwide, gas prices currently sit at approximately $3.62 per gallon, according to statistics from AAA.
FOX NEWS POLL: HIGHER PRICES AFFECTING SUMMER TRAVEL PLANS
The latest Fox News survey found that over 8 in 10 (84%) voters say gas prices are a problem for their family.
That includes nearly half -- 49% -- who say they are a "major" problem. While that’s the same as last year (49% major problem), it’s down from 67% who said the same in 2022.
Those most likely to feel the pain at the pump are Republicans (92% a problem), Hispanic voters, rural voters, voters under age 30, women (88% each), and independents (85%). Democrats and voters ages 65 and over (76% each) are less likely to say gas prices are a problem.
A gas pump shows prices at a Shell station on May 15, 2024 in Miami, Florida. (Joe Raedle/Getty Images)
Inflation has cooled from a 40-year high of 9.1% in June 2022, but has remained persistent, with prices climbing 3.5% year-over-year in March, according to the Bureau of Labor Statistics. The national average for a gallon of gas has also dropped from its June 2022 peak when it surpassed $5, but that's been rising steadily since March, according to AAA.
The sticker shock at the pump should soften after the White House announced on Tuesday the release of over 1 million barrels of gasoline from the Northeast Gasoline Supply Reserve.
"The Biden-Harris administration is laser-focused on lowering prices at the pump for American families, especially as drivers hit the road for summer driving season,″ Energy Secretary Jennifer Granholm said in a statement.
A sign displays gas prices at a gas station on May 21, 2024, in Chicago, Illinois. President Joe Biden has said he will release 1 million barrels of gasoline from the strategic reserve to help reduce prices ahead of the July 4th holiday and summer driving season. (Scott Olson/Getty Images)
Oil will be pumped from storage facilities in New Jersey and Maine, releasing 100,000 barrels at a time.
Officials say the staggered release will ensure competitive pricing and effective delivery to retailers ahead of the summer holiday season.
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Fox News Digital has reached out to Rep. Ocasio-Cortez and the Trump campaign for comment.
Fox News Digital's Megan Meyers and Timothy Nerozzi contributed to this report.
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