On June 11, 2022, the average retail price for a gallon of gas shot up .63 cents to reach a record breaking increase of $5.19 in the United States.

The average price was $2.39 per gallon on the day that Joe Biden took office just 15 months before.

“I’d love to see President Biden say, we’re going to work toward a pause on the climate change craziness, and we’re going to continue to drill and to get American oil and gas. I think that would start to bring that oil price down,” said economist Steve Moore on some less woke national news outlets.

“This is a result of policies that were implemented,” Moore revealed. “These are self-inflicted wounds that are not a result of COVID. But in fact, because COVID’s basically over, we should be seeing less inflation, better growth.”

During his second term, on February 14, 2025,  President Donald J. Trump signed an Executive Order establishing the National Energy Dominance Council within the Executive Office of the President.

It will be chaired by the Secretary of the Interior Doug Burgum and vice-chaired by the Secretary of Energy Chris Wright, and comprised of members of President Trump’s cabinet and key government agencies.

The Council will advise President Trump on strategies to achieve energy dominance by improving the processes for permitting, production, generation, distribution, regulation, and transportation across all forms of American energy.

Another purpose is aimed at cutting red tape, enhancing private sector investments, and advancing innovation.

Recall that during President Trump’s first term, the United States became a net exporter of energy for the first time in nearly 70 years and transformed into the world’s leading oil producer.

Also under President Trump’s leadership, American families saved an average of $2,500 per year in utility and gas costs, while the economy at large saw the creation of new American energy jobs.

• American energy dominance is the most reliable way to ensure the stability and affordability of American energy prices.
• Gasoline prices, as well as overall household energy prices, increased 30% under the Biden-Harris administration.
• The Biden-Harris Administration dramatically slowed the growth rate of American energy production and development, including by instituting a federal oil leasing moratorium, increasing energy permitting times by multiples of what they had been under President Trump, and removing hundreds of million acres from being available for energy production.

• Over the last four years, it is estimated that our Nation produced over two billion fewer barrels of oil than anticipated by trend (had President Trump’s energy policies been kept intact), a vast quantity of lost supply that could have lessened the burden of energy prices on American families.

• Biden Administration asked OPEC+ to increase production to meet American energy demand.
• American energy leadership is vital not only for our Nation’s economic and national security, but also for the security of our allies.
  • America’s liquefied natural gas (LNG) industry has played a critical role in helping Europe reduce its dependence on Russian energy, with LNG exports to Europe rising 141% in 2022, and continuing to increase to fill the gap.
  • President Trump warned Western Europe as early as 2017 to rely on American natural gas rather than Russian energy.

• As energy prices rose, the Biden Administration was reluctant to enforce American oil sanctions on rogue regimes, allowing Iran to export over one million barrels of oil per day through lax enforcement (up from a low of approximately 70,000 under the Trump administration) and temporarily lifting oil sanctions altogether on the Maduro regime in Venezuela.
• The United States is also highly dependent on China for a range of critical minerals, which has put our Nation’s supply chain at risk, as exemplified by China’s recent weaponization of its resources through bans on exporting germanium, gallium, and antimony to the United States.
• As our Nation makes rapid advancements in next generation technologies, such as artificial intelligence (along with the associated data centers), and energy demand rises, it will be all the more important to expand domestic energy supply.