Price of Gasoline Up 38% in Biden’s First Year

Overall energy prices increased by a non-seasonally-adjusted 25.6 percent from February 2021 to February 2022.

The price increase for all items, according to BLS, was 7.9 percent from February 2021 to February 2022.

“Over the last 12 months, the all items index increased 7.9 percent before seasonal adjustment,” BLS said.

“Increases in the indexes for gasoline, shelter, and food were the largest contributors to the seasonally adjusted all items increase,” BLS said. “The gasoline index rose 6.6 percent in February and accounted for almost a third of the all items monthly increase.”

“The energy index rose 25.6 percent over the past 12 months with all major energy component indexes increasing,” said BLS. “The index for gasoline rose 38.0 percent over the last year and the index for natural gas rose 23.8 percent. The index for electricity rose 9.0 percent for the 12 months ending February.”

President Joe Biden was inaugurated on Jan. 20, 2021.