President says he doesn’t have ‘near-term answer’
President Joe Biden said during a CNN town hall Thursday night that he doesn’t think gas prices will go down by 2022.
“I don’t see anything that will bring down gas prices significantly right now,” Biden told CNN’s Anderson Cooper. “My guess is you’ll see that as we go into winter, gas prices will come down, I mean, excuse me, next year in 2022.
Biden said that what will happen to gas prices depends on Saudi Arabia and a few other things, but Biden also said that he is opposed to talking to Middle Eastern leaders about it.
“I don’t have a near-term answer,” Biden said. “It’s going to be tough.”
Biden said reducing gas prices depends on Saudi Arabia and “a few other things that are to come.”
gas prices There have been jumps across the country as oil prices hit a 7-year high, leaving only two states with prices below $3 per gallon.
Oklahoma and Texas are the only two states in the country where average price of gas Still sits below $3 per gallon, according to GasBuddy’s Patrick De Haan.
Prices in Texas and Oklahoma average $2.99 and $2.97 per gallon, respectively. However, prices in those states are likely to rise “over the next few days,” tweeted De Haan, head of petroleum analysis at GasBuddy.
“By the weekend, we won’t see any states with an average of $3/gallon, this will be the first time in 2,500 days,” De Haan said in a later tweet.
Earlier this week, De Haan told Granthshala Business that rising gas prices are continuing to “destroy consumers’ purchasing power.”
The national average has since risen to $3.35 a gallon, according to De Haan and relief will not be forthcoming in the near future.
De Haan, citing natural gas shortages in Europe and China, said, “I don’t believe we will see much relief from Thanksgiving because the energy issues that have caused rising prices don’t seem to be resolved quickly.” Will be.” The struggle to find coal for electricity.
Granthshala News’ Daniela Genovese contributed to this report