President Biden was asked when he thinks gas prices will start to come down. He said he expects the price to stay high into next year.
"My guess is you'll start to see gas prices come down as we get ... into next year, 2022. I don't see anything that's going to happen in the meantime that's going to significantly reduce gas prices," he said.
Biden said the high price of gas at this time is due to a number of factors, some of which have to do with foreign gas production.
"We're about $3.30 a gallon most places now when it was down in the single digits -- I mean single digits. Dollar plus. And that's because of the supply being withheld by OPEC. And so there's a lot of negotiation that is — there's a lot of Middle Eastern folks want to talk to me. I'm not sure I'm going to talk to them. But the point is it's about gas production."