Political and Legislative
Biden’s Saudi Trip will Unlikely Drive Down Gas Prices
President Biden is using key political capital on a risky gamble – that meeting with condemned Saudi Crown Prince Mohammed bin Salman will convince the Kingdom to stabilize global oil markets and ease prices for Americans at the gas pump.
But experts say it’s not guaranteed that the trip will produce lower gasoline prices and the political cost may be far greater for the president.
“I don’t believe there’s an amount of oil the Saudis could provide that would substantially reduce U.S. gas prices. It will be difficult for Biden to come away with something he can call a win,” Samantha Gross, fellow and director of the Energy Security and Climate Initiative at the Brookings Institution, told The Hill.
