Rep. Byron Donalds, R-Fla., argued on Sunday that joe-biden” target=”_blank”>President Biden’s economic plans<,” Donalds argued that Biden is “selling us out to the Chinese.”
The Florida congressman made the arguments as economy and as gas prices hit a fresh record on Sunday.
The national average for a gallon of gas on Sunday was $4.61, slightly higher than the week before and 45 cents higher compared to the month before, according to AAA.
In a series of orders aimed at combating climate change, President Biden cancelled the Keystone XL oil pipeline project on his first day in office and temporarily suspended the issuance of oil and gas permits on federal lands and waters.
The administration resumed the new leasing last month following court challenges against the ban. The administration is appealing a ruling in which Judge James Cain, a Trump appointee, struck down the ban.
The White House has blamed Russian President Vladimir Putin for the record-high gas prices in the U.S., even coining the surge as the “#PutinPriceHike” and vowing that President Biden will do everything he can to shield Americans from “pain at the pump.”
Rep. Byron Donalds slams President Biden’s "crazy" energy policies, arguing that he is not looking out for the middle class.
(Getty / AP images)
Biden, last month, announced that the executive” target=”_blank”>Environmental Protection Agency<
Speaking from Tokyo on Monday, President Biden said, “When it comes to the gas prices, we are going through an incredible transition that is taking place that God willing, when it is over, we’ll be stronger and the world will be stronger and less reliant on fossil fuels.”
Donalds argued that giving up oil and natural gas and moving towards renewable energy increases the reliance on China “because world-regions mineral production across the globe.”
BIDEN SEEMS TO PRAISE HIGH GAS PRICES AS ‘INCREDIBLE TRANSITION’ AMERICANS MUST GO THROUGH
He stressed that millions of Americans have been suffering as they try “to figure how they’re putting gas in their car and also how they are going to put food on the table.”
According to the latest data, inflation cooled on an annual basis for the first time in months in April, but rose more than expected as supply chain constraints, the Russian war in Ukraine and strong consumer demand continued to keep consumer prices running near a 4-decade high.
Earlier this month, the Labor Department revealed that the consumer price index, a broad measure of the price for everyday goods including gasoline, groceries and rents, rose 8.3% in April from a year ago, below the 8.5% year-over-year surge recorded in March. Prices jumped 0.3% in the one-month period from March.
Video
Those figures were both higher than the 8.1% headline figure and 0.2% monthly gain forecast from Refinitiv economists.
The slight slowdown in inflation last month came as energy prices declined 2.7%, driven by a 6.1% drop in gasoline (which had climbed a stunning 18.3% the prior month as a result of the Russia-Ukraine war).
Still, price increases were widespread: Food prices have jumped 1% over the month, marking the 17th consecutive monthly increase for that index. The largest monthly increases were in dairy (2.5%, the sharply monthly increase since 2007), meats, poultry, fish and eggs (1.4%) and cereal and bakery products (1.1%).
Donalds argued that one reason food prices have been soaring is ‘because fertilizer is a derivative of oil production.”
“You get fertilizer from oil, you do not get it from windmills. You do not get it from solar panels,” he continued, adding that Biden has implemented “terrible economic policy.”
CLICK HERE TO GET THE FOX NEWS APP
“It is going to hurt us on the world stage, not help us,” Donalds argued.
FOX Business’ Tyler O’Neil and Megan Henney contributed to this report.
