Joe Biden Promises to ‘Work Like the Devil’ to Bring Down Gas Prices After Strategic Oil Reserve Release Fails
Energy,Economy And Jobs,Gas Prices
President Joe Biden promised Monday to continue working to bring down the price of gasoline, less than three months after his historic release of oil from the strategic oil reserves.
“I’m going to work like the devil to get gas prices down,” Biden told attendees at the National Association of Counties 2022 Legislative Conference in Washington, DC.
The price of gasoline has spiked again after the president announced on November 23 he would release 50 million barrels of oil to help keep prices down, more than any release by an administration in modern history.
The average price of gasoline was about $2.37 when Biden took office and jumped to as high as $3.41 in November 2021 before he released oil from the strategic oil reserves in time for the Thanksgiving holiday driving season.
But average gas prices only fell to $3.27 a gallon before starting to tick up again.
As of Monday, the average gas prices are up to $3.48 a gallon while in some places across the country drivers are paying up to five or six dollars a gallon.
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