Skip to content

What Can Biden Do About Rising Gas Prices?

  • Release from emergency oil supply among ways to affect prices
  • ‘Political leaders have to respond to an energy crisis’
Hawaii's Gas Prices Keep Getting Higher
Photographer: Jenny Sathngam/Bloomberg
Updated on

The increase in oil and gasoline prices threatens the U.S. economic rebound and poses a political risk for President Joe Biden. But his options for taming the surge are limited, and many of them would be either short-lived or conflict with his agenda of fighting climate change. 

“Political leaders have to respond to an energy crisis. History shows that voters rebel against leaders when energy prices are high,” said Kevin Book, managing director of research firm ClearView Energy Partners, but still he added: “There aren’t really any easy fixes here.”