White House National Economic Council Director Brian Dies said during an interview with Bloomberg Markets: Open Thursday that President Biden is doing “everything [he] probably can” to combat 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,” Diess said. “He says lowering prices is his first priority and every day he focuses on practical things he can do.”
Dies 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 combat high prices.
“So the release of oil from the Strategic Petroleum Reserve is heard internally by people, but the oil market analysts you had on this show will say it was single-handedly responsible for preventing oil prices from rising,” he said.
GOP HAMMERS BIDEN TO ALLOW EMERGENCY OIL STOCKS TO SAY TO CHINA: ‘PROVIDING OUR ENERGY SECURITY’
White House economic adviser Brian Dies was asked about the Biden administration’s inflation plan during CNBC’s “Squawk Box” on Tuesday. REUTERS/Kevin Lamarck
That came as the Biden administration faced criticism this week over reports that some of America’s oil reserves were being shipped to China and other nations.
“The American people deserve answers as to why our emergency energy reserves are being shipped to foreign adversaries like the Chinese Communist Party, jeopardizing our energy security and our national security,” said the House Energy and Commerce Rep. , Cathy McMorris Rodgers.
Deese also said, “We’re starting to see some of that moderation at the pump” regarding gas prices. “The president says let’s do more. Let’s do what we can,” he said.
TREASURY FACES MOUNTING SCRITINY FOR GIVING HUNTER BIDEN “COVER” WITH NEW REGULATION FOR DOCUMENT REQUESTS
Brian Deese appeared on CNN’s “State of The Union” to talk about inflation and more. (Snapshot/CNN)
Diess also noted that Biden called for gas tax breaks in his defense. However, many have criticized the proposed gas tax holiday as ineffective in lowering prices, since such a tax break would increase demand and, consequently, prices.
Even former President Obama criticized a proposed gas tax holiday in the 2008 campaign as a “trick”.
“You need a president who will sustain it and who will clearly communicate to the American people that we’re making progress. That we’ve made tremendous economic progress, but that he’s not satisfied and we’re going to stick with it,” he said. Deese.
President Biden has presided over historic natural gas prices during his time in office. (Photo: David Paul Morris/Bloomberg via Getty Images)
CLICK HERE TO GET THE FOX NEWS APP
Biden’s poll numbers are sinking amid concerns that he is failing to adequately address the nation’s economic woes.
Joe Silverstein is a production assistant for Fox News Digital.
