Senators also mentioned gasoline shortages Americans up and down the East Coast faced as a result of a significant cyberattack on the Colonial Pipeline earlier this month, comparing them to the shortages that resulted from the Arab Oil Embargo of the early 1970s. They also mentioned the 41% increase in gasoline prices since Biden took office.
“Left uncorrected, any one of these actions in isolation harms American families, hampers our economic recovery, and degrades our national security,” the senators wrote. “Taken together, they represent a fundamental threat to America’s long-term economic and national security.”
The senators are urging the president to “take immediate actions to put America back on a path of energy independence and economic prosperity.”
“If we are to overcome the economic consequences of the pandemic, it is imperative that necessities such as fuel take as little out of family budgets as possible so that Americans can return to work, plan summer vacations, and resume the historic economic progress that was underway before the pandemic struck,” the letter reads.