Home » Economy » White House quiet on plan to tackle rising gas prices as inflation surges
White House quiet on plan to tackle rising gas prices as inflation surges
Biden energy secretary laughs off rising gas prices
Sen. Roger Marshall, R-Kan., provides insight into gas prices.
White House press secretary Jen Psaki on Friday declined to specify how the Biden administration plans to tackle soaring gas prices, despite assurances from the president that addressing the matter is a "top priority."
Asked during the daily press briefing whether President Biden would take a slate of different actions to address rising gas prices – including releasing barrels from the nation's emergency oil stockpile or reinstating a ban on U.S. oil exports – Psaki demurred.
"We're not just closely and directly monitoring the situation, which of course we've been doing," she said. "We're looking at every tool in our arsenal. You mentioned some of them. While I don't have anything to preview today, the president is quite focused on this, as is the economic team."
CONSUMER PRICES SURGE BY MOST IN 31 YEARS
President Biden on Wednesday said he instructed his top economic aides to focus on reducing energy costs, which he blamed for accelerating inflation after the government reported that consumer prices jumped 6.2% in October from the previous year. It marked the steepest increase since December 1990.