After campaigning on reining in oil and gas companies and curbing climate change, President Joe Biden is scrambling to find ways to lower energy prices — and counting on help from the industry.
The average per-gallon price of gasoline stands at $3.29 nationally, the highest level in seven years. Oil is also at its highest price in that time frame. Rising natural gas prices are expected to raise heating bills by about 30% this winter. With general inflation also high and dragging down Biden’s approval ratings, rising energy prices are a threat to the president’s agenda.
Stay informed.Stay ahead.
Join Washington Examiner for unlimited access to the news, analysis, and commentary that matter most.
See Options
Already a member? Log in
Already a print subscriber? Click here to login/register your account
