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Ignoring other factors, House GOP lays blame on Biden for gas prices This article is provided courtesy of the Associated Press. (Shutterstock) Article continues below. Gas prices have risen in recent weeks because a key pipeline was forced to close after a cyberattack on the Colonial Pipeline. And lumber shortages which existed during former President Donald Trump’s administration were worsened by an unexpected housing boom.  Shortages have bedeviled the economy this spring, but most economists attribute the bulk of them to the difficulties of restarting the U.S. and global economies.  A look at the claims and reality:  MCCARTHY: “Gas prices are the highest since 2014 just as summer starts. The recent hack of the Colonial Pipeline exposed the flaws of Biden’s approach to our country’s energy policies. On day one he signed an executive order cancelling the Keystone XL Pipeline.” blog post Monday.

United statesSouth dakotaSouth carolinaWhite houseDistrict of columbiaDonald trumpKevin mccarthyMatthew dalyNancy pelosiJoe bidenPatrick dehaanNational association of homebuildersUs energy information administrationTd bankAssociated pressFederal reserve