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.
“The idea we’re going to be able to, you know, click a switch and bring down the cost of gasoline is not likely in the near-term, nor is it with regard to food,” Biden told reporters at the White House on June 1. He cited the war in Ukraine that has trapped the country’s wheat exports as an external cause for inflation….