The White House is watching rising gas prices very carefully as President Joe Biden’s top advisers are briefing him regularly on the situation . At present top advisers to Biden believe the situation is steady given the strength of the economy which drives up demand for travel and energy usage . The average price of retail gasoline nationally rose two cents per gallon Friday to . according to AAA after seeing the biggest oneday spike since June earlier in the week . Analysts blame a combination of mounting supply cuts by OPEC and Russia extreme heat that has sidelined oil refineries and optimism about the health of the world economy . Gas prices are still well below where they were last summer the national average was cents higher a year ago . The administration may choose to stop buying oil from the open market to refill the countrys emergency . reserves or seek higher output from the largest global oil producers like Saudi Arabia and Russia . It remains unclear what price level would trigger such a response to such aresponse . It is unclear what type of price levels will trigger such an increase in gas prices to the president’s policy response . The president’s approval rating was seen as directly linked to the price per gallon in the run-up to peak gas prices in June in June was seen to be around $3.5 million per gallon last year . Last year. The president’s approval rating has been around $4.5million per gallon . The price of gas prices was around $5,000 per gallon was about $3,500 per gallon per gallon for a gallon in 2009. The average cost of the gallon. for the average gallon. in the United States was $2,000. per gallon. was $1.5 per gallon to $2.50 per gallon, according to a gallon
White House watching rising gas prices ‘very carefully,’ says White House . White House says
