AP FACT CHECK: Biden overpromises on green energy savings
ABC News
President Joe Biden has told Americans they can expect savings of $500 a month by transitioning to renewable energy
WASHINGTON -- President Joe Biden vastly overpromised Thursday when he told Americans they can expect savings of $500 a month by transitioning to renewable energy. It's possible they might save that much over a year, not per month.
Biden addressed the subject while announcing plans to order the release of 1 million barrels of oil per day from the strategic petroleum reserve for the next six months.
Biden is grappling with fallout from surging energy prices, including gasoline that has reached an average of $4.23 per gallon, after the United States banned imports of Russian oil and gas.
It’s unclear how much gasoline prices might dip from Biden’s new order, but the president did promise immediate savings from adopting renewable energy:
