White House Attempts to Pin Inflation on Summer

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Posted: Jul 09, 2021 3:30 PM
White House Attempts to Pin Inflation on Summer

Source: (AP Photo/David Zalubowski)

As the cost of basic goods, groceries and gas continues to skyrocket, the White House is attempting to pin rising inflation on seasonal price changes. 

"Gas prices do historically rise in the summer and that's particularly true even in moments like this when there is a spike in people traveling and even more people are hitting the road now because of our success defeating the pandemic," Psaki said.

Psaki was also confronted on the issue during an interview with CNN earlier this week as the cost for a gallon of gas reaches a seven year high.  

Meanwhile, President Joe Biden is vowing to raise taxes on oil and gas companies, which would send prices even higher. Earlier this year, he halted construction on the Keystone XL pipeline and suspended oil leases on federal lands.