Common Sense Energy: Play stupid games, win stupid prizes

This week’s “Common Sense” goes to a We Predict study for pointing out another flaw in Joe Biden’s plan to drastically steer America towards electric vehicles: It costs far more to service electric vehicles than it costs to service gas-powered vehicles.  According to the study, electric vehicles were 2.3 times more expensive to service than gas-powered vehicles after three months of ownership.  And even after one year, they are 1.6 times more expensive. These increased costs are on top of the average electric car costing $55,000 vs. $36,000 for a gas-powered car.

Bottom Line:  Joe Biden should not be forcing electric vehicles onto working class Americans at a time when the technology is not advanced enough to prevent creating undue financial stress, especially with inflation at a 13-year high.

This week’s “Nonsense” goes to Joe Biden for playing the blame game by claiming OPEC production cuts and possible market manipulation are the reason for high gas prices. The reality is that he is refusing to leverage domestic oil producers. Biden has issued a wide-ranging moratorium on new oil and gas leases on federal land.

Bottom Line: If Biden doesn’t want to plea with OPEC to lower costs, he shouldn’t be waging war on our fossil fuel industry and putting thousands of families out of work by cancelling the Keystone Pipeline in the process.  But if you play stupid games, you win stupid prizes.

Americans are paying $3.19 on average for a gallon of gas. It was $2.18 one year ago.