{"id":909116,"date":"2021-10-22T07:44:36","date_gmt":"2021-10-22T11:44:36","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=909116"},"modified":"2021-10-22T07:44:43","modified_gmt":"2021-10-22T11:44:43","slug":"biden-on-how-to-fix-soaring-gas-prices-i-must-tell-you-i-dont-have-a-near-term-answer","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-on-how-to-fix-soaring-gas-prices-i-must-tell-you-i-dont-have-a-near-term-answer\/","title":{"rendered":"Biden On How To Fix Soaring Gas Prices: \u2018I Must Tell You, I Don\u2019t Have A Near-Term Answer\u2019"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">36<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbiden-on-how-to-fix-soaring-gas-prices-i-must-tell-you-i-dont-have-a-near-term-answer%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=909116&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>President Joe Biden said during a CNN town hall event on Thursday night that there is not much he can do to lower soaring gas prices, which have <a href=\"https:\/\/www.dailywire.com\/news\/gas-in-one-california-town-reaches-7-59-per-gallon\">reportedly<\/a> reached as high a $7.59 in at least one town in California.<\/p>\n<p>\u201cMy guess is you\u2019ll start to see gas prices come down as we get by \u2014 going into the winter \u2014 I mean, excuse me, into next year, in 2022,\u201d Biden continued. \u201cI don\u2019t see anything that\u2019s going to happen in the meantime that\u2019s going to significantly reduce gas prices.\u201d<\/p>\n<p>\u201cI must tell you, I don\u2019t have a near-term answer,\u201d Biden later added. \u201cThere\u2019s two things I could do: I could go in the petroleum reserve and take out and probably reluce [sic] \u2014 reduce the price of gas maybe 18 cents or so a gallon. It\u2019s still going to be above three bucks. And one of the things that I refuse to have happen, because I didn\u2019t want anybody \u2014 I made a commitment: If you pass the stuff I\u2019m talking about, not \u2014 not one single penny in tax would go against anybody making less than 400 grand.\u201d<\/p>\n<p><em>MR. COOPER: What about gas prices? Because some states \u2014<\/em><\/p>\n<p><em>THE PRESIDENT: Gas pri- \u2014<\/em><\/p>\n<p><em>MR. COOPER: \u2014 are seeing \u2014<\/em><\/p>\n<p><em>THE PRESIDENT: Gas prices relate to a foreign policy initiative that is about something that goes beyond the cost of gas. And we\u2019re about $3.30 a gallon most places now, when it\u2019s up from \u2014 when it was down in the single digits. I mean \u2014 single di- \u2014 a dollar-plus. And \u2014 and that\u2019s because of the supply being withheld by OPEC.<\/em><\/p>\n<p><em>And so, there\u2019s a lot of negotiation that is \u2014 there \u2014 there\u2019s a lot of Middle Eastern folks who want to talk to me.<\/em><\/p>\n<p><em>MR. COOPER: Mm-hmm.<\/em><\/p>\n<p><em>THE PRESIDENT: I\u2019m not sure I\u2019m going to talk to them. But the point is, it\u2019s about gas production. There is things we can do, in the meantime, though.<\/em><\/p>\n<p><em>MR. COOPER: Do you think there\u2019s a \u2014 I mean, do you see a \u2014 do you have a timeline for gas prices of when you think they may start coming down?<\/em><\/p>\n<p><em>THE PRESIDNET: My guess is you\u2019ll start to see gas prices come down as we get by \u2014 going into the winter \u2014 I mean, excuse me, into next year, in 2022. I don\u2019t see anything that\u2019s going to happen in the meantime that\u2019s going to significantly<\/p>\n<p><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Joe Biden said during a CNN town hall event on Thursday night that there is not much he can do to lower soaring gas prices, which have reportedly reached as high a $7.59 in at least one town in California.\u201cMy guess is you\u2019ll start to see gas prices come down as we get by \u2014 going into the winter \u2014 I mean, excuse me, into next year, in 2022,\u201d Biden continued. \u201cI don\u2019t see anything that\u2019s going to happen in the meantime that\u2019s going to significantly reduce gas prices.\u201d\u201cI must tell you, I don\u2019t have a near-term answer,\u201d Biden later added. \u201cThere\u2019s two things I could do: I could go in the petroleum reserve and take out and probably reluce [sic] \u2014 reduce the price of gas maybe 18 cents or so a gallon. It\u2019s still going to be above three bucks. And one of the things that I refuse to have happen, because I didn\u2019t want anybody \u2014 I made a commitment: If you pass the stuff I\u2019m talking about, not \u2014 not one single penny in tax would go against anybody making less than 400 grand.\u201dMR. COOPER: What about gas prices? Because some states \u2014THE PRESIDENT: Gas pri- \u2014MR. COOPER: \u2014 are seeing \u2014THE PRESIDENT: Gas prices relate to a foreign policy initiative that is about something that goes beyond the cost of gas. And we\u2019re about $3.30 a gallon most places now, when it\u2019s up from \u2014 when it was down in the single digits. I mean \u2014 single di- \u2014 a dollar-plus. And \u2014 and that\u2019s because of the supply being withheld by OPEC.And so, there\u2019s a lot of negotiation that is \u2014 there \u2014 there\u2019s a lot of Middle Eastern folks who want to talk to me.MR. COOPER: Mm-hmm.THE PRESIDENT: I\u2019m not sure I\u2019m going to talk to them. But the point is, it\u2019s about gas production. There is things we can do, in the meantime, though.MR. COOPER: Do you think there\u2019s a \u2014 I mean, do you see a \u2014 do you have a timeline for gas prices of when you think they may start coming down?THE PRESIDNET: My guess is you\u2019ll start to see gas prices come down as we get by \u2014 going into the winter \u2014 I mean, excuse me, into next year, in 2022. I don\u2019t see anything that\u2019s going to happen in the meantime that\u2019s going to significantly reduce gas prices.But, for example, for natural gas to heat your homes as winter is coming, there\u2019s a lot \u2014 what people don\u2019t realize: We put in billions of dollars in what they call \u201cLIHEAP.\u201d LIHEAP is the provision whereby you\u2019re able to get funding from the federal government based upon your need to heat your home, and it is subsidized in a significant way. And there\u2019s billions of dollars we have passed in the legislation I got passed in \u2014 in March of this year, because we anticipated that would be a problem, as well.But the answer ultimately is \u2014 \u201cultimately\u201d meaning the next three or four years \u2014 is investing in renewable energy. What I was able to do \u2014 (applause) \u2014 no, I \u2014 and, by the way, I really \u2014 I\u2019m not \u2014 I\u2019m not being \u2014 I mean, I\u2019m being literal when I say this: What I was able to do when I ran \u2014 and you remember, Anderson, because I was on your show a couple times, and the issue was whether or not I could ever get the labor unions to support my environmental programs.And I went out and I went to the IBEW and, as well, to the autoworkers, and I laid out my plan. They fully embraced it. Why? Because \u2014 and I spent time at General Motors and other companies, and I got General Mo- \u2014 I didn\u2019t get them \u2014 General Motors decided, after a long time spent talking to me \u2014 they were suing California because they had a higher standard \u2014 mileage standard. They dropped the suit and agreed that they would be 50 percent electric vehicles by 2030 \u2014 by 2030. (Applause.) And now you have all three \u2014 all three major manufacturers saying the same thing.So, what will ha- \u2014 what will happen is: You\u2019re going to see a dramatic drop \u2014 a dramatic drop in what\u2019s going to happen in terms of gas prices as we go into the next two or three years. Even if we\u2019re not able to break the monopoly price \u2014 they\u2019re keeping it up because \u2014 anyway.So there\u2019s \u2014 there \u2014 but I don\u2019t \u2014 I must tell you, I don\u2019t have a near-term answer. There\u2019s two things I could do: I could go in the petroleum reserve and take out and probably reluce [sic] \u2014 reduce the price of gas maybe 18 cents or so a gallon. It\u2019s still going to be above three bucks.And one of the things that I refuse to have happen, because I didn\u2019t want anybody \u2014 I made a commitment: If you pass the stuff I\u2019m talking about, not \u2014 not one single penny in tax would go against anybody making less than 400 grand.And so, if you notice, this is \u2014 these highway bills are not paid for by gas tax. They\u2019re paid for by direct expenditures in other areas. So, the average person doesn\u2019t have to pay more.But it\u2019s going to be hard. It\u2019s going to be hard. There\u2019s a possibility to be able to bring it down. Depends on \u2014 little bit on Saudi Arabia and a few other things that are in the offing.The Daily Wire is one of America\u2019s fastest-growing conservative media companies and counter-cultural outlets for news, opinion, and entertainment. Get inside access to The Daily Wire by becoming a member.<\/p>\n","protected":false},"author":1,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-909116","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/909116","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=909116"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/909116\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=909116"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=909116"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=909116"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}