The average gas price in North Carolina is currently $4.17 per gallon while the average across the country is $4.31. | PxHere.com
The average gas price in North Carolina is currently $4.17 per gallon while the average across the country is $4.31. | PxHere.com
In light of the Biden administration's announcement of an immediate ban on all U.S. imports of Russian oil, the Functional Government Initiative (FGI) is worried about the impact of President Biden's energy policies on rising energy costs in the U.S.
“Last week we expressed our concerns regarding the reluctance to sanction the Russian energy market and announced that we would be seeking information surrounding that decision," FGI spokesman Peter McGinnis said in a statement March 9. "However, the current situation creates the fear that we may be moving from funding Russia’s war machine to paying the dictator in Venezuela and the state sponsors of terrorism in Iran. The concerns of the Functional Government Initiative remain. We will continue working to expose the dysfunction of government and investigate the impact of today’s energy policy on our foreign policy and near-record levels of inflation.”
FGI continues to be concerned about the current energy policies the White House has in place. The nonpartisan organization is confident its late February investigation will yield vital results and help them to better understand the energy priorities of the federal government.
FGI announced on February 25 that it is seeking full transparency from government agencies on the following areas: actions to slow gas price hikes using emergency powers; calls for investigating the meat and energy industries; Efforts to hinder domestic fossil fuel production, halt pipeline approvals, and shut down American mines; and considerations behind the decision to re-nominate a Federal Reserve Chairman who has presided over 40-year highs in inflation.
FGI is a nonpartisan organization that works to demand transparency and integrity from government agencies and elected officials, while promoting shared values and beliefs of working Americans.
According to FGI ,American officials have reportedly started communication with the Venezuelan government that may lead to easing of economic sanctions. These sanctions were originally placed on Venezuela in 2019 after numerous human rights abuses committed by the government under Putin's close ally Nicolas Maduro. Communication with Iran, the world’s prime state sponsor of terrorism, also persists which may ease sanctions on the Iranian oil sector.
The effects of energy prices spread across every sector of the economy. As fuel prices continue to rise and widespread inflation continues to afflict American families, FGI says it is committed to investigating how energy policy affects America's influence abroad and Americans’ pocketbooks at home.
U.S. Rep. Dan Newhouse (R-WA) believes the Biden administration is to blame for where the country stands today amid high energy prices. On March 8, he wrote, "By effectively shutting down our own supply of critical oil and gas, the Biden Administration increased our reliance on foreign countries for our energy needs, increased global emissions, and increased gas prices for American families."
As of March 15 the average gas price in North Carolina was $4.17 per gallon, according to the American Automobile Association (AAA).