NEW REPORT: Biden Actions Helping to Lower Gas Prices in Georgia

As President Biden took steps that helped lower gas prices, Georgia’s House Republicans voted against measures to lower costs at the pump

Gas prices in Georgia and across the country have been declining, thanks in part to President Biden’s actions, according to a new report from the Department of Treasury. The report’s analysis suggests that “President Biden’s historic [Strategic Petroleum Reserve] release, in coordination with [International Energy Administration] partners, lowered the price of gasoline by 17 cents to 42 cents per gallon.” As of July 26, gas prices have been declining for 6 straight weeks, with the cost of gas decreasing by an average of about 70 cents from the most recent peak, saving many families with two cars approximately $75 a month. 

The president’s efforts stand in stark contrast with Georgia Republicans, who have repeatedly voted against measures that would help lower gas prices and help combat inflation. In just the past few months, Georgia Republicans in the U.S. House of Representatives voted against the Lower Food & Fuel Costs Act and against a bill that would help prevent oil and gas companies from price gouging. 

“This report’s analysis decisively illustrates how the actions President Biden has taken to help lower fuel costs and save money for Georgians are working. Georgia Republicans’ contribution to that effort? Attempting to block Democrats’ work to cut costs at the pump,” said Democratic Party of Georgia spokesperson Ryan Radulovacki.

President Biden and the Department of Energy also announced the sale of an additional 20 million barrels of oil from the Strategic Petroleum Reserve to continue helping lower gas costs, building on his previous actions, which include:

• Releasing a million barrels of oil from the Strategic Petroleum Reserve each day for six months, a historic amount.
• Directing the FTC to crack down on oil companies taking advantage of consumers through practices like price gouging.

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