United States

Biden presumes gas prices won’t be dropped until 2022

12:22, 22 October 2021
Biden presumes gas prices won’t be dropped until 2022 Photo: pixabay.com

US President Joe Biden predicted during a CNN Townhall late Thursday that gas prices will not be lowered until 2022.

“I don’t see anything that’s going to significantly reduce gas prices right now,” Biden shared his opinion to CNN’s Anderson Cooper. “My guess is you’ll start to see gas prices come down as we get by going into winter, I mean excuse me, into next year in 2022.”

Biden proceeded, saying that the positive alteration in gas prices depends on Saudi Arabia and a “few other things” that in the near future.

“I don't have a near time answer,” the US President said. “It's going to be hard.”

Costs of gas have been significantly hiked across the US while oil prices have hit a 7-year high, so only two states remain with their gas prices no more than $3 per gallon - Texas and Oklahoma, according to GasBuddy’s Patrick De Haan.

In both states, prices make up an average of $2.97 - $2.99 per gallon.

However, De Haan expects the price growth even in both above-mentioned states as recently Arkansas costs jumped over $3 price per gallon.

A small California town Gorda demands a $7,59 price per gallon, which is twice more than in Texas or Oklahoma, Business Insider reported. 

The prices are expected to go on hiking, according to AAA.