Biden Says He Won’t Be Able to Bring Down Gas or Food Prices in Near-Term

Biden Says He Won’t Be Able to Bring Down Gas or Food Prices in Near-Term
President Joe Biden speaks about inflation and the economy in the South Court Auditorium on the White House campus in Washington on May 10, 2022. Drew Angerer/Getty Images
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President Joe Biden said on Wednesday it was unlikely his administration would be able to bring down the cost of inflation, including gas and food prices, any time soon.

The national average gas price reached a new record on May 17 at $4.67 a gallon, which is 45 cents higher than the price one month prior, and $1.58 more than a year ago, according to American Automobile Association.
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