Facebook Twitter Tumblr Close Skip to main content
A Project of The Annenberg Public Policy Center

Gasoline Prices Up Due to Global Supply-Demand Issues, Russian Invasion of Ukraine

Gasoline Prices Up Due to Global Supply-Demand Issues, Russian Invasion of Ukraine

U.S. presidents have little control over the price that consumers pay for gasoline. It depends mostly on the price of crude oil, which is set on the global market, based largely on worldwide supply and demand. Yet Republican campaign ads have falsely claimed or suggested that President Joe Biden and Democrats are solely to blame for the prices that motorists are paying at the pump.