White House takes credit for decline in gas prices
Written by ABC Audio All Rights Reserved on August 9, 2022
(WASHINGTON) — The White House credits the drop in gas prices to President Joe Biden’s million-barrels-a-day strategic oil reserve release and his engagement with oil companies.
They say this strategy helped bring gas prices down below $4 a gallon in many parts of the country.
White House Press Secretary Karine Jean-Pierre recalled the near-dollar-a-gallon gas price jump this summer.
“This is the fastest decline in gas prices in over a decade,” she touted.
She also hopes this drop in gas prices will have an effect on tomorrow’s Consumer Price Index report. Last month’s report showed inflation at a 40-year high.
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