President Joe Biden said during a CNN town hall Thursday night that he doesn t envision gas prices going to go down until 2022.
I don t see anything that s going to significantly reduce gas prices right now, Anderson Cooper told CNN. My guess is you ll start to see gas prices come down as we get by going into the winter, I mean excuse me, into next year in 2022.
What will happen with gas prices depends on Saudi Arabia and a few other things in the offing, but Biden also said he was resisting talking to Middle Eastern leaders about it.
I don t have a near term answer, Biden added. Biden said that lowering gas prices depends on Saudi Arabia and a few other things that are in the offing. as oil prices reach a 7-year high, leaving only two states with prices under $3 per gallon.
Oklahoma and Texas are the only two states in the nation where the average is below $3 per gallon, according to GasBuddy's Patrick De Haan.
Prices in Texas and Oklahoma are averaging $2.99 and $2.97 per gallon, respectively. However, prices in those states will likely rise in the next few days, De Haan, head of petroleum analysis at GasBuddy, tweeted.
By the weekend, we'll see no states with an average of under $3 gal, it'll be the first time in over 2,500 days since that last occurred, De Haan said in a subsequent tweet.
Earlier this week, De Haan told FOX Business that rising gas prices are continuing to eat away at consumers' buying power. Since then the national average has risen to $3.35 per gallon, according to De Haan, and relief won't be in the near future.
I don't believe we'll see much relief by Thanksgiving as the energy issues that have caused the rising prices don't look like they'll be quickly solved, De Haan said, citing the natural gas shortages in Europe and China's struggle with finding coal to burn for electricity.