GOP Rep. Estes: 8.3% Year-over-Year Inflation Lowballs How Bad Things Have Gotten -- Gas Decline Due to China's Lockdowns, Less Demand

On Tuesday's broadcast of Newsmax TV's "National Report," Rep. Ron Estes (R-KS) argued that the decline in gas prices has happened due to people driving less and China's lockdowns decreasing the demand for oil. Estes also said that the 8.3% year-over-year inflation number doesn't reflect how bad things have gotten under President Joe Biden.