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Fox News host Bill Hemmer interrupted Kevin Hassett, the Director of the National Economic Council under Donald Trump, when he attempted to blame President Joe Biden for increasing gas prices. On Friday’s broadcast of “America’s Newsroom,” Hemmer highlighted that gas prices have surged to an average of £4.09 per gallon, a rise of almost one dollar since the previous week.
Hassett referred to the current gas prices as a temporary situation and stated that the Trump administration had taken significant steps to combat inflation. This included releasing oil from the strategicreserve, a measure he noted was the second-largest of its kind on record. He then shifted blame to Biden, suggesting that the President aimed to reduce energy costs before elections.
At this point, Hemmer interjected, stating, “OK, but that was then, and this is now.” He pointed out that the price of West Texas crude oil had risen dramatically from $67 per barrel on February 27 to $111 now. Hemmer questioned how high prices could climb before impacting the economy.
Hassett responded by expressing confidence in the current economic momentum, claiming that today’s economy is much stronger than in the 1970s. He argued that Trump’s energy policies have played a crucial role and insisted that these higher prices would be short-lived. The conversation ended without clear predictions on long-term gas price trends.