NEW You can now listen to Fox News articles!
The White House denied on Monday that it is applying a double standard when it comes to gas prices.
Jared Bernstein, a senior economic adviser, was asked during the White House news conference whether it was fair for administration officials to take credit for lowering gas prices after spending months blaming Russia for their rise.
“I don’t think there’s any ‘two-way’ thinking here at all,” Bernstein said. “I strongly disagree with this framing.”
“This is one of the fastest declines in retail gas prices in a decade,” Bernstein said.
PRESIDENT BIDEN APPEARS TO PRAISE HIGH GAS PRICES AS ‘INCREDIBLE TRANSITION’ AMERICANS HAVE TO GO THROUGH
President Joe Biden speaks about gas prices in the South Court Auditorium on the White House campus, Wednesday, June 22, 2022, in Washington. (AP Photo/Evan Vucci)
Bernstein said the White House and President Biden are working “tirelessly” to address rising inflation, particularly as it relates to the gasoline market.
“He put his head down and got to work, and he made us work, do everything we could to achieve that goal,” Bernstein said.
The White House noted that gasoline prices have dropped nearly 50 cents a gallon over the past thirty days. Officials say the drop is the result of Biden’s decision to tap into the Strategic Petroleum Reserve and engage U.S. allies to pump more oil.
“This is one of the fastest declines in retail gas prices in a decade,” Bernstein said.
Amid high gas prices, Pete Buttigieg reveals he’s telling Americans to switch to electric cars
Gasoline prices above $7.00 a gallon are displayed at a Chevron gas station on May 25, 2022 in Menlo Park, California. (Justin Sullivan/Getty Images)
Earlier this year, Biden blamed rising gas prices on Russian President Vladimir Putin’s decision to invade Ukraine. Administration officials have long argued that the invasion scattered global energy markets.
But Biden’s defense ignores the fact that gasoline prices have already risen by more than a dollar between February 2021 and 2022.
CLICK HERE TO GET THE FOX NEWS APP
The President of Russia, Vladimir Putin. (Alexander Demyanchuk, Sputnik, Kremlin pool photo via AP)
The jump was the highest 12-month jump since President Ronald Reagan’s first term more than 40 years ago.
Add Comment