Biden Administration Weighing Steps to Address Gas Shortages: White House

The Biden administration is weighing its options to deal with fuel and natural gas shortages that have caused prices to surge in recent weeks ahead of the winter season, said White House press secretary Jen Psaki on Wednesday. “The president has asked his economic team, as they do on any range of issues impacting the public, to continue to discuss what the options are that we can take to address these shortages,” Psaki said during a news briefing. Without elaborating, Psaki said that she is “not in a position yet to outline additional steps we can take” and said there is a “range” of steps the Biden administration can take. The U.S. average for gas prices was $3.288 per gallon as of Wednesday, according to the American Automobile Association (AAA). The Energy Information Administration (EIA) warned (pdf) that the cost of heating oil is expected to rise about 43 percent compared to last year …Read More

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