Sec. Yellen Can’t Offer Any Plan to Lower Gas Prices: ‘Gas Prices’ Are Affordable
‘Americans care a great deal about the price of gas’
Sep 18, 2023 2:30 PM
By Grabien Staff
Current TimeВ 0:00
/
DurationВ -:-
Loaded: 0%
0:00
Stream TypeВ LIVE
Remaining TimeВ --:-
В
1x
2x
1.75x
1.5x
1.25x
1x, selected
0.75x
0.5x
Chapters
descriptions off, selected
captions settings, opens captions settings dialog
captions off, selected
This is a modal window.
The media could not be loaded, either because the server or network failed or because the format is not supported.
Beginning of dialog window. Escape will cancel and close the window.
End of dialog window.
EXCERPT:
YELLEN: “Well, the president wants to make sure that gas prices remain affordable for Americans. Americans care a great deal about the price of gas. They're still down $1.20 of their highs last summer, although they have gone up recently. China's ended its pandemic lock downs. And although Chinese growth is slower than expected, China coming back online, and the continuation of the production cuts by Saudi Arabia has lifted oil prices somewhat. We're monitoring the situation very closely. The president has taken action over the last year. Certainly, the releases of oil from the Strategic Petroleum Reserve have been important in holding down oil prices. And we'll continue to monitor that closely.”