The White HouseVerified account

When we have electric cars powered by clean energy, we will never have to worry about gas prices again. And autocrats like Putin won’t be able to use fossil fuels as weapons against other nations.

But in the long term we must speed up – not slow down – our transition to a clean energy future. The President has proposed credits to make EVs more affordable and weatherize homes and businesses that will cut energy costs and save American families an average of $500 a year.

To achieve energy security and avoid volatile fossil fuel prices in the longer term, we must become energy independent. That is why President Biden is focused on the deployment of clean energy technologies that don’t require fossil fuels bought and sold on the global market.

Despite this record-breaking production and opportunity, the reality is our economic and national security will remain vulnerable to the whims of those who control the oil supply chain across the world if we continue to rely on fossil fuels.

Our Administration secured the release of 60 million barrels from our and our allies’ Strategic Petroleum Reserves. And producers have the capacity and the opportunity to increase domestic production here in the U.S.

Putin’s war won’t be painless for Americans, but we are doing everything we can to limit the impact on families.

There is widespread consensus that the runup of energy prices since January was caused by the building of Putin’s troops at Ukraine’s border. Russia is the world’s 3rd largest oil producer, and energy supply disruptions and market volatility are a result of Putin’s aggression.

Since Putin began his military buildup on Ukrainian borders, the price of gas at the pump in America went up 75 cents. Here’s Putin’s price hike explained: