Skip to content
Energy & Science

Biden Pledges to Keep Pressing for Lower Oil Prices Amid Rise

  • Remarks come as oil prices surge to highest level since 2014
  • Biden administration’s options seen as limited, short-lived
Video player cover image
WATCH: “The inflation has everything to do with the supply chain,” Biden said as he talked about how the administration is dealing with rising inflation.Source: Bloomberg

President Joe Biden pledged to continue trying to lower oil prices that are running at a seven-year high despite his faltering effort to persuade producing countries to increase output.

“We’re going to work on trying to increase oil supplies that are available,” Biden told reporters at the White House on Wednesday. “But it’s going to be hard.”