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ICYMI: PolitiFact: "The Most Recent Spike in Gas Prices Has Stemmed Largely From Putin's Invasion of Ukraine."

March 18, 2022

A fact check released today by PolitiFact affirmed President Biden's assessment that "the current spike in gas prices is largely the fault of Vladimir Putin." Politifact writes that "the most recent spike in gas prices has stemmed largely from Putin's invasion of Ukraine."

This story joins a growing set of fact checks comprehensively debunking Republican talking points on energy prices and affirming the worldwide impact of Putin's unprovoked assault on Ukraine.

Read more below:

PolitiFact: How much blame does Putin deserve for high gasoline prices?
[Louis Jacobson, 3/16/22]

Gasoline prices have risen most aggressively since Putin began preparing his invasion of Ukraine.

[…]

We chose November 2021 as a turning point because that's when a continuing Russian troop buildup on Ukraine's borders began to attract wider notice. On Nov. 3, Ukrainian officials said the number of Russian troops on its borders had reached 90,000, and on Nov. 10, the Biden administration offered public warnings about the military buildup.

By early December, the buildup and potential invasion became widely known to news consumers in the U.S., documented in the New York Times and other publications.

Between early November and the start of the Russian invasion in late February, U.S. gas prices rose modestly, climbing 10 cents to $3.49.

The big spike came when the invasion began, with the price of gas rising by 83 cents to $4.32.

So Putin's invasion clearly caused the single biggest gas price spike during this period. And gas prices did rise during the four-month-long build-up to the invasion.

[…]

Biden said, "Make no mistake: The current spike in gas prices is largely the fault of Vladimir Putin."

By current, Biden means very current. The most recent spike in gas prices has stemmed largely from Putin's invasion of Ukraine.

Read the full article here.

Joseph R. Biden, ICYMI: PolitiFact: "The Most Recent Spike in Gas Prices Has Stemmed Largely From Putin's Invasion of Ukraine." Online by Gerhard Peters and John T. Woolley, The American Presidency Project https://www.presidency.ucsb.edu/node/355000

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