The average American chef on July 4 is 17% more this year than in 2021

Americans preparing to celebrate the Fourth of July can expect even more money, as the average cost of cooking traditional food will cost at least 17 percent more than in 2021.

According to the consumer price index compiled by the US Bureau of Labor Statistics, prices for all grilled products, including burgers, sausages, chicken, have risen and could cost $ 76.94 per average meal for a family of four.

The price is more than 17 percent of last year’s total of $ 65.46.

Americans around the world suffer from Biden’s inflation. Energy, gas and food costs have risen astronomically since last year.

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Phil Lempert, editor of SupermarketGuru.com and a food industry analyst, told the New York Post that he was explaining the rise in prices to four issues: climate change; labor shortages in farms, supermarkets and the road transport sector; increase in diesel prices; and the war in Ukraine.

“The biggest price increase we’re seeing is for beef, pork, chicken, eggs and milk,” Lemperts told The Post. Buyers looking for rest should not hold their breath.

“Prices will continue to rise,” he said. “This will not happen for another 12 months until we can really solve the supply chain problems; prevent transport problems and control the climate.

Compared to 2021, the price of hot dogs has risen 37.37 percent per pound, rising from $ 3.80 to $ 5.22. Chicken meat has increased by 27.89 percent and fines – by 16.56 percent.

Last year, the White House was outraged that food on July 4 would be cheaper, despite rising inflation to its highest level in 13 years.

However, social media users quickly pointed out that the savings promoted were a paltry 16 cents, leading to accusations that the White House was out of touch.

“Are you planning to cook this year?” read tweet. ‘Ketchup in the news. According to the Farm Bureau, the cost of the grill on July 4 is lower than last year.

‘That is a fact you need to hear. Hotdogs, Baiden’s economic plan works. And this is something we can all enjoy.

A GIF image showing price changes for individual foods was attached to the tweet.

President Biden announced on Monday that he would decide by the end of the week whether to set a holiday tax on gasoline, possibly saving US consumers as much as 18.4 cents a gallon.

“Yes, I’m considering it,” Biden told reporters after a walk along the beach near his vacation home in Delaware. “I hope to make a decision based on the data – I’m looking until the end of the week.”

The administration is increasingly looking for ways to save the public from higher pump prices, which began to rise last year and rose after Russia’s invasion of Ukraine in February. According to AAA, nationwide gas prices are below $ 5 a gallon on average.

Biden said members of his team should meet with executives of major oil companies this week to discuss price increases. Biden has blamed oil companies for making excessive profits when people experience a sharp rise in costs and inflation. But Biden said he would not meet with oil executives himself.

“I want an explanation as to why they didn’t refine more oil,” Biden said.

The Baiden administration has already released oil from the U.S. strategic reserve and increased ethanol blending for the summer, in addition to sending a letter to oil refiners last week urging them to increase refining capacity. However, these efforts still need to meaningfully reduce price pressures, so the administration is now considering a gas tax holiday. Petrol and diesel taxes help pay for highways.

The Penn Wharton Budget Model released estimates on Wednesday that consumers saved using the pump as gas tax holidays were introduced in Connecticut, Georgia and Maryland. Most of the savings went to consumers, not to petrol stations and others in the energy sector.

Treasury Secretary Janet Jellen said on Sunday in an interview with ABC this week that she was prepared for the federal gas tax holiday to give some relief to drivers. Energy Minister Jennifer Granholm said in an interview with CNN on State of the Union on Sunday that “part of the challenge with the gas tax is, of course, that it finances roads.”

Refineries claim that their capacity to produce additional gas and diesel is limited, which means that prices could remain high unless demand starts to fall.

The American Petroleum Institute and American Fuel & Petrochemical Manufacturers sent a joint letter to Baiden on Wednesday stating that refineries are already operating close to peak capacity and that nearly half of the disconnected capacity is due to equipment switching to renewable fuels.

“Today’s situation did not materialize overnight and will not be resolved quickly,” the letter said. “To protect and enhance US energy security and processing capacity, we urge you to take steps to promote greater domestic energy production,” including new infrastructure and reduced regulatory burdens.

Walking along the beach with his daughter Ashley, granddaughter Naomi, and granddaughter, Biden often stopped to chat with beach visitors who spent their June federal vacation on the beach.

He took a moment to provide guarantees about inflation – the consumer price index rose to almost 40-year high of 8.6% in May compared to the same month a year ago, and rising warnings from economists that the recession may be around the corner.

“We’re going to cope, guys,” Biden said to a group of beach goers.

Last week, the Federal Reserve stepped up its efforts to curb inflation by raising the key interest rate by three-quarters, the largest increase in nearly three decades, and indicated that further rate hikes are expected.

Former Treasury Secretary Larry Sumers told NBC’s “Read the Press” on Sunday that he estimated “we are likely to experience a recession in the American economy by the end of next year.”

Biden said he spoke Monday morning with Samers, who worked as a finance secretary in the Clinton administration.

“There is nothing inevitable in a recession,” Biden said.