Biden: 'I Don't Have a Near-Term Answer' on Gas Prices, They'll Start Decreasing 'Into Next Year'

During a town hall on CNN on Thursday, President Joe Biden predicted that gas prices will start to come down "into next year, in 2022. I don't see anything that's going to happen in the meantime that's going to significantly reduce gas prices." And stated, "I don't have a near-term answer" on the issue and the possibility of bringing prices down depends "a little bit on Saudi Arabia and a few other things that are in the offing."