Joe Biden’s Energy Secretary: Gas Prices to Stay Above $4/Gallon

President Joe Biden’s Energy Secretary Jennifer Granholm told reporters on Thursday that drivers will have to pay at least four dollars a gallon for the foreseeable future.

“The price of gas is likely to remain above $4 per gallon,” she said, based on data from the Department of Energy.

Granholm has said in the past that high gas prices will encourage people to buy more expensive, fuel-efficient vehicles.

In the past two days, gas prices have climbed nine cents to $4.715, according to AAA data on Thursday. A total of 18 states are hovering around $5 per gallon. JPMorgan Chase on May 18 raised concerns that the national average price of gas could increase to $6 per gallon. California has already exceeded $6. – READ MORE