Posted 9/15/2023, 2:37:00 AM

Biden Vows Action on Inflation After Gas Prices Hit 14-Month High

Biden promises to lower US gas prices again after report shows 14-month high in consumer inflation due to energy costs
Inflation rate has slowed in recent months, but gas prices still average $3.85/gallon, up from $3.70 last year
Biden did not specify how he would reduce prices; has previously released oil from Strategic Petroleum Reserve
Gasoline prices jumped 10.6% in August, accounting for over half of CPI increase
Biden faces frustration from voters on economy despite growth during his first term

reuters.com

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