President Joe Biden apparently has a plan in the works to reverse gas prices that have jumped an average of 13 cents in the last week.
The president noted that gas prices have dropped by about $1 per gallon since the beginning of summer, “But the price of gas is still too high, and we need to keep working to bring it down. I’ll have more to say about that next week.”
He provided no specifics while talking to a group in Los Angeles about bipartisan infrastructure investments, but it’s possible further releases from the U.S. Strategic Petroleum Reserve could play a role. White House officials have offered no formal comment about what action the president is considering.
