Can President Biden do anything about high price of gas?

WASHINGTON — Millions of Americans volition beryllium paying much for gasoline arsenic they question for the holidays this year.

The nationalist mean for a gallon of regular unleaded gasoline presently sits astir $3.41 gallon. Last year, it was astir $2.12.

"It's conscionable terrible, prices support going up," said Taisha, a Doordash operator successful Baltimore.

PRESIDENTIAL POWERS

Can President Biden really bash thing astir the precocious terms of gasoline? In short, the reply is yes. He does person immoderate options.

However, it’s unclear what the interaction of those options would be.

Option #1: Order an investigation

Last week, President Biden really did that by asking the Federal Trade Commission to spot if vigor companies are manipulating the price.

That nevertheless isn’t guaranteed to present immoderate existent results astatine the pump, and investigations instrumentality time.

Option #2: Pressure different countries to pump much oil

The White House has done that excessively but truthful acold galore countries affluent successful lipid successful the Middle East haven’t listened. The United Arab Emirates' vigor curate has called connected Americans to stay “calm.”

Option #3: Tap into petroleum reserves successful the U.S., which are for emergencies

So far, President Biden has not done that yet adjacent though galore person called for it.

Currently, the U.S. has implicit 600 cardinal barrels successful concealed retention adjacent the seashore of Louisiana and Texas.

Analysts person said that releasing the barrels whitethorn lone marque a quality for a abbreviated play of time.

The President of the United States presently does not person immoderate authorization to unit American vigor companies to nutrient much and determination is small to suggest helium ever would.

After all, this medication has repeatedly called for less fossil fuels to beryllium utilized successful bid to assistance the climate.

He can, however, proceed to unit countries to act.

The South China Morning Post reports President Biden asked Chinese leaders to merchandise immoderate of their crude lipid reserves past week.