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Biden predicts gas prices won’t go down until 2022

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Prices continue to rise at the gas pump ahead of the holiday season. FOX Business’ Jeff Flock with more.

President Joe Biden said during a CNN town hall Thursday night that he doesn’t envision gas prices will go down until 2022.

“I don’t see anything that’s going to significantly reduce gas prices right now,” Biden told CNN’s Anderson Cooper. “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.

Biden said 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.

A gas pump is seen in a car at a Shell gas station in Washington, D.C., U.S., May 15, 2021. REUTERS/Andrew Kelly/File Photo (Reuters Photos)


“I don’t have a near term answer,” Biden added. “It’s going to be hard.”

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