Business Report: Biden seeks to lower gas prices
Clip: 10/19/2022 | 2m 53s | Video has closed captioning.
President Joe Biden announced Wednesday new steps that he says will lead to lower gas prices. Biden said he will release more supply from the U.S.’s energy stockpile and will also take action to encourage more domestic oil production. Once again, he took oil companies to task for not lowering costs for consumers. Gas prices in New Jersey average about $3.70 a gallon for regular, according to AAA.
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