Biden administration touts sliding gas prices as OPEC+ prepares to meet

Biden administration touts sliding gas prices as OPEC+ prepares to meet


As a group of the world’s largest oil-producing countries prepares to discuss oil production targets, the White House touted its own efforts to cool gasoline prices and help balance the global energy market.

Following production boosts from the United States and other producers and the release of 1 million barrels per day from the Strategic Petroleum Reserve, President Joe Biden’s press secretary said the U.S. is experiencing the fastest gas price decline in over a decade, falling 81 cents per gallon since its peak in June. But prices remain high.

“Gas prices have now been falling for almost seven straight weeks,” Karine Jean-Pierre told reporters at the start of a White House press briefing Monday.

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DEMOCRATS HOPE TO TOUT

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