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Biden vows to cut U.S. gasoline prices

(Reuters) - President Joe Biden vowed on Thursday to get U.S. gasoline prices down, one day after a report showed consumer inflation surged by the most in 14 months due to higher energy costs.

Key quote

"I'm going to get those gas prices down again, I promise you," Biden told an audience in Largo, Maryland, during a speech on the economy.

The take

The comments come as Biden, a Democrat seeking reelection in 2024, faces voter frustration over the economy despite its continued growth during his four-year term in office as inflation hits consumer pocketbooks.

Consumer prices rose 3.7% over the last year, though the rate of inflation has slowed in recent months.

By the numbers

U.S. gas prices average $3.85 per gallon of regular gasoline, up from $3.70 per gallon last year, according to the AAA motorist group.

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