White House Press Secretary Jen Psaki has stepped into a bit of controversy over her comments about rising gas prices.
The exchange began when a reporter asked this question about rising energy costs and the potential of U.S. releasing fuel reserves to lower prices:
“Do you worry that this could impact the pledges that countries are willing to make? Will other governments get weak-kneed about going green at a time when they’re facing brewing, sort of, political crises at home over, really, skyrocketing prices of non-renewable fuel sources?”
Psaki did address some of the technicals of gas prices, in her response.
“We certainly hope not,” she said. “I mean, I think what COP26 is about is to continue the conversation on the international stage, at the leader level — that has been going on below the leader level continuously, basically — about our need to work together to address the climate crisis — one of the greatest national security crises the President sees. A number of other world leaders agree on that front.”
After that, though, she emphasized that climate change is far more important than Americans paying more at the pump.
“Certainly, we all want to keep gasoline prices low, but the threat of the crisis — the climate crisis — certainly can’t wait any longer,” she said.
The exchange came after the American Automobile Association reported that gas prices are the highest in seven years.
“Since Monday, the national average for a gallon of regular gasoline has increased by four cents to $3.24, the highest pump price since October 2014. According to new data from the Energy Information Administration (EIA), total domestic gasoline stocks increased by 3.3 million bbl to 225.1 million bbl last week. Gasoline demand also increased slightly from 9.40 million b/d to 9.44 million b/d. The slight increase in gas demand has contributed to the rise in the national average. However, the main culprit for rising pump prices remains high crude prices above $70 per barrel. The trend is expected to continue through the weekend.”
Meanwhile, the Dow jumped again as Congress appears to be avoiding a default on its debt payments. Read more about that here.