hi, mr. president. thank you. this week you and the g7 allies introduced a plan for an oil price cap for russian exports, which is not yet filled out and obviously the response to the high price of gasoline in the united states and around the world, are you confident that that cap would bring down prices for american drivers and how long is it fair to expect american drivers to continue to pay a premium because of this war? the second part of the question was would it bring down the price will it bring down prices and the war has pushed prices up. they could go as high as $200 a barrel some analysts think. how long is it fair to expect american drivers and drivers around the world to pay that premium for this war? as long as it takes. russia cannot, in fact, defeat
this week you and g7 allies introduced a plan for an oil price cap for russian exports, which is not yet filled out, and obviously is a response to the high price of gasoline in the united states, and around the world. are you confident that that cap would bring down prices for american drivers, and how long is it fair to expect american drivers to continue to pay a premium because of this war? the second part of the question was would it bring down the price? will it bring down prices and the war has pushed prices up, they could go as high as $200 a barrel, some analysts think, how long is it fair to expect american drivers and drivers around the world to pay that premium for this war? as long as it takes, russia cannot, in fact, defeat ukraine and move beyond ukraine. this is a critical, critical
russia cannot, in fact, defeat ukraine and we ll be out of ukraine. the military analysts, the director of national intelligence say this can be a long war measured in years. i think everybody understands why this is happening. sit sustainable? what do you say to those families that say, listen, we can t afford to pay 4.combrief a gallon for months, if not years. this is not sustainable. reporter: what we heard from the president, this is about the future of the liberal world order. we have to stand firm. at the same time what i d say to americans across the country is, you have a presented a many instration that is going to do everything in its power to blunt those price increases and bring those prices down. good news, over the past two weeks, we seen it come down 20 cents. still unacceptingly high. that s why the president earlier this week was working to bring the g7 allies exploring a price
new associated press poll. but biden unyielding in his support, despite the economic costs. russia cannot in fact defeat ukraine and move beyond ukraine. this is a critical, critical position for the world. reporter: months into a grinding and horrific war, it s clear it s become a catalyst for an alliance reinvigorated by putin s actions and on the path to add two new members. he s getting exactly what he did not want. he wanted the finlandization of nato. he got the natoization of finland. reporter: president bide enreturned to the white house a short while ago where the latest court decisions will be top of mind and one of the primary issues he ll be focused on. he was also focused on the newest member, ketanji brown jackson, who was sworn in earlier today as the newest associate justice on the court. the president called it a
press conference where he tried to convince the world everything under his leadership is just dandy. he s put at 38% approval, the lowest of his presidency so far. biden getting asked why so many americans think the country is on the wrong track, but all he could muster up was his usual nonsense on russia and bogus claims about inflation. i can understand why the american people are frustrated because of inflation, but inflation is higher in almost every other country. prices at the pump are higher in almost every other country. we re better positioned to deal with this, but we have a way to go. ultimately the reason gas prices are up is because of russia. russia, russia, russia. how long is it fair to expect american drivers and drivers around the world to pay that premium for this war? as long as it takes. russia cannot in fact defeat ukraine and move beyond ukraine. jeez louise.