Washington, D.C. - Despite rising inflation and increased chaos in the Middle East, President Joe Biden issued a new rule increasing the costs on American oil production late Friday. In the last month alone, the average cost for a gallon of gas has increased 20 cents a gallon while the Biden Administration cancelled plans to refill a small portion of the Strategic Petroleum Reserve (SPR.) With continued instability in the Middle East, the SPR remains at 364 million barrels — nearly half of what it was when President Biden took office.

“It is painstakingly simple: refill the SPR and use American oil to do it. Instead, Joe Biden is embracing insanity by putting the green agenda ahead of our families and our national security,” said Daniel Turner, Founder and Executive Director for Power The Future. “Only in Joe Biden’s head does it make sense to lower costs by raising fees. It’s never been more clear that the world and our allies need a strong America that is fully utilizing our energy strength. Instead, the only things Joe Biden wants to strengthen is Iranian oil and Washington’s tax revenue.”

While the Biden Administration imposes larger fees on American oil producers, Iran has raised billions in export sales of their oil despite sanctions. Additionally, American oil production fell by nearly 800,000 barrels a day from December to January of this year, which are the most recent reports available.

Power The Future is a 501c4 non-profit dedicated to fighting for American energy workers.