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White House Director of the National Economic Council Brian Dees said during an interview with Bloomberg Markets: The Open Thursday that President Biden is doing “everything [he] may eventually struggle with high gas prices.
“We have to act and we have to show action on behalf of the American people. That’s exactly what the president is doing,” Dease said. “He says that getting prices down is his top priority and every day he focuses on practical things he can do.”
Dees pointed to the Biden administration’s release of America’s strategic oil reserves as evidence that the president is doing everything in his power to fight high prices.
“So the release of oil from the Strategic Petroleum Reserve sounds esoteric to people, but the oil market analysts you’ve had on this show will say it’s single-handedly responsible for preventing oil prices from going up,” he said.
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White House economic adviser Brian Dease was asked about the Biden administration’s inflation plan during CNBC’s “Squawk Box” on Tuesday. REUTERS/Kevin Lamarck
It comes after the Biden administration faced criticism this week over reports that some of America’s oil reserves have been shipped to China and other nations.
“The American people deserve answers as to why our emergency energy reserves are being sent to foreign adversaries like the Chinese Communist Party, compromising our energy security and national security,” said Cathy McMorris Rogers, a member of the House Energy and Commerce Committee.
Dease also said, “We’re starting to see a little bit of that moderation at the pump” regarding gas prices. “The president is saying let’s do more. Let’s do everything possible,” he said.
Biden recently blamed individual gas stations for the high price of gas, drawing criticism even from liberals like Amazon founder Jeff Bezos.
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Brian Dease appeared on CNN’s State of the Union to talk about inflation and more. (Screenshot/CNN)
Dees also noted that Biden called for a gas tax holiday in his defense. However, many have criticized the proposed gas tax holiday as ineffective in reducing prices, given that such a tax break would increase demand and therefore prices.
Even former President Obama criticized the proposed gas tax holiday in the 2008 campaign as a “gimmick”.
“You need a president who will stick with it and who will communicate clearly to the American people that we are making progress. That we’ve made tremendous economic progress, but that he’s not happy, and we’re going to stick with it,” Dease said.
President Biden presided over historic gas prices during his tenure. (Photo: David Paul Morris/Bloomberg via Getty Images)
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Biden’s poll numbers fall amid concerns that he is failing to adequately confront the nation’s economic woes.
Joe Silverstein is a production assistant for Fox News Digital.
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