Energy Secretary Jennifer Granholm has cautioned that gas prices could surge if China opens up significantly after strict COVID-19 lockdowns within the country.
Granholm made the comments on “Fox News Sunday,” where she noted that while the Biden administration is hopeful gas prices will continue to fall, the United States is “at the whim of what happens globally.”
“If China opens up significantly after COVID, there will be more pressure on demand. More pressure on demand means upward pressure on prices,” Granholm said. “So we’re watching what happens globally. But we are doing everything possible to try to stabilize supply and demand to try to keep those prices coming down.”…