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Can President Biden do anything to lower gasoline prices?

Can President Biden do anything to lower gasoline prices?

CBSN
Monday, November 22, 2021 01:13:10 PM UTC

As Americans face the Thanksgiving holiday with the highest gas prices in seven years, calls are growing for the Biden administration to do something — anything — to lower prices at the pump. 

Amid growing public frustration with high fuel costs, President Joe Biden has alternately cajoled and threatened oil producers in hopes of boosting supplies, as well as moved to unclog U.S. ports and suggested he may tap the nation's Strategic Petroleum Reserve. Such jawboning can be effective — it's a tactic that former President Donald Trump resorted to often when gas prices rose. And it's natural that, with rising prices eroding Mr. Biden's approval ratings, the administration would want to be seen as doing everything possible to keep costs down.

But what can Mr. Biden do besides publicly push for lower gas prices? Following are a few options that have been suggested.

Read full story on CBSN
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