The next time you stop at a gas station and spend almost half your paycheck filling up your tank, thank Mr. President Joe Biden because, according to him, it's almost as if you're getting a $100 monthly raise.
In an email sent out to reporters by White House staff, the Biden administration is claiming that Americans should interpret the falling price of fuel as a monthly raise.
Titled in the subject line as "ICYMI: America Just Got A $100-A-Month Raise," the email says, "President Biden has taken decisive action to lower prices at the pump, and the current drop in gas prices is the fastest decline in over a decade… thanks to that decline, Americans are collectively spending around $400 million less each day than they would if gas prices had stayed at their peak."
The email also includes a link to a CNN story that dropped at the same time as the email, with the first line reading, "Next time you stop at a gas station, think of it as a $100-a-month tax cut. Or a maybe $100-a-month raise."
The left-wing news outlet boldly claims that the "steady drop in gas prices" turned into an "unexpected form of economic stimulus."
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The email notes that the average U.S. household uses roughly 90 gallons of gas per month, so a decrease of $1.10 in prices equals a savings of $98.82.
CNN touted this as economic success on the Biden administration's part.
At the beginning of summer, gas prices hovered at roughly $5 a gallon and more than $6 in some states. According to AAA, that number has since dipped but still remains relatively high. Today, the nation's national average is $3.92. However, fuel prices were only about $2.60 a gallon the day Biden took office.
The $100 Biden's White House is claiming Americans are "saving" shouldn't have needed to be spent on gas in the first place.
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