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The White House denied developing a double standard for gasoline prices on Monday.
Senior economic adviser Jarid Bernstein was asked at a White House press conference if it was fair for government officials to allow lower gasoline prices after spending months blaming Russia’s rise. ..
“I don’t think we’re thinking of’both methods’ here at all,” Bernstein said. “I very much disagree with that framing.”
“This is one of the fastest drops in retail gas prices in 10 years,” says Bernstein.
President Biden seems to admire high gas prices as “incredible transitions” Americans have to go through
Bernstein said the White House and President Biden are making “continuous” efforts to deal with rising inflation, especially when it comes to the gasoline market.
“He bowed down to get the job done, got us to do the job, and did everything he could to reach that goal,” Bernstein said.
The White House said gasoline prices have fallen by nearly 50 cents per gallon in the last 30 days. Authorities say the decline is the result of Biden’s decision to use strategic petroleum reserves to encourage US allies to pump more oil.
“This is one of the fastest drops in retail gas prices in 10 years,” says Bernstein.
Medium high gas prices, Pete Butigeg accused of telling Americans to switch to electric cars
Earlier this year, Biden blamed rising gasoline prices for Russia’s President Vladimir Putin’s decision to invade Ukraine. Government officials have long argued that aggression has decentralized the world’s energy markets.
However, Biden’s defense ignores the fact that gasoline prices had already risen by more than $ 1 between February 2021 and 2022.
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This jump was the highest surge in 12 months since President Ronald Reagan’s first term over 40 years ago.