White House Says ‘No Action’ at This Time to Tame Surging Gas Prices But ‘All Tools’ on TableEpoch Times, United States politics | The Epoch Times

The White House said Thursday that the Biden administration is not taking action at this time in response to gasoline prices hitting seven-year highs and elevated crude oil and natural gas prices, adopting a wait-and-see approach while insisting “all tools in the toolbox” remain at the ready. White House Deputy Press Secretary Karine Jean-Pierre made the remarks at an Oct. 7 briefing in response to a question about what steps the administration was taking to keep rising gasoline, natural gas, and oil prices in check. “We continue to monitor global energy market supply, and we’ll work with our agency partners to determine if and when actions are needed,” she said, noting that the administration reacted to a divergence between gasoline and crude oil prices over the summer by reaching out to the Federal Trade Commission (FTC) to investigate potential price collusion. “We’re going to monitor the market and the means considering all …Read More

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