After beating up on oil and gas industry, Biden now seeks its help

Published October 15, 2021 11:00am ET



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.

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