just ahead. we will continue to bring gas prices down. they know the economy remains top of mind for voters. the president. hi, bob. my whole life has been deals. it is trump unvarnished, blunt, profane. it will not surprise you that he attacks people he doesn t like. we haven t seen something like this in new york city for nearly a century. these are human beings being shipped all over. announcer: live from london, this is cnn newsroom with max foster. it is wednesday, october the 19th. 9 a.m. in london. 4 a.m. in washington. in the coming hours u.s. president joe biden will address voter anxiety over energy prices less than three weeks ahead of the mid-term election. mr. biden is expected to announce that 15 million barrels of oil will be released from the u.s. strategic petroleum reserve in an effort to ease oil prices. it s at the lowest level since the 1980s. despite gas prices going down, crude prices have been rising after opec plus announced plan
united states and around the world. it is wednesday, october 19th. i m christine romans. we should hopefully know the winners of the mid-term election. the latest cnn polling shows the economy and inflation are the top issues for voters. later today president biden will announce the sale of 15 million barrels of oil from the strategic petroleum reserve. that will happen in december. mr. biden s aim is to ease gas prices. the move fulfills the administration s decision back in march to release a total of 180 million barrels from the reserve over a six-month period. we get more now from cnn s phil mattingly. reporter: president biden and his top economic officials have for several months made trying to do something, anything to dampen skyrocketing gas prices a central priority, if not the top priority both politically and economically for the administration. over the course of the summer they had a pretty good run, three months of consecutive drops. a run that was put into qu
instead continues to beg middle eastern countries like saudi arabia and kuwait to keep the taps flowing. carley: oil producers here at home panic the anger the warning banding or illuminating the export of refined products would likely decrease inventory levels, reduce defining capacity, put upward pressure on consumer fuel prices, and alienate u.s. allies during a time of war. todd: kevin live in washington with more. good morning, todd and carley for potential cut by opec that obviously lead to major headaches. not just for the white house but for american consumers as well. they of course are already sitting down next saddled with significantly higher prices compared to when former president trump left office. the average price for a gallon of gas topping $3.80 a gallon right now according to aaa. $3.80 a week ago, $3.86, continues to get worse when we look back. those producers will meet today to announce a plan to cut oil production which could cause another skyro
trip is the situation with saudi arabia, the topic of the conversation is expected to be oil and energy. highest inflation rate since 1951. mark ed ith has more. both leaders expected to cover a lot of ground and expected to sign a joint declaration. the president got a look at the dome defense system yesterday. we expect iran to come up, both leaders believe ieshgsz ran should never be quire a nuclear weapon. every issue matters to our mutual future. we re united in our shared values and our shared vision. tomorrow the president is off to saudi arabia, could be the most controversial stop of his trip. he is not expected to hold a news conference there. he has called the nation a pariah. there is a news conference today two hours from now, different topics will be asked. carley: the trip is focused on foreign policy. i m sure reporters will ask about inflation, the number came out yesterday, worse than expected. it was way worse than expected. prices within the last
to the region and quite frankly the whole world. the israeli leader also talked about the president s visit to the saudi kingdom. giving him a message to pass on to the leaders he will be meeting there in his trip. mr. president, you will meet with the leaders of saudi arabia, qatar, kuwait and oman and iraq. i would like you to pass them all a message from us. our hands are outstretched for peace. with that talk more about this nbc news chief white house correspondent peter alexander and jane harmon and president emeritus of the wilson center and author of insanity defense while why the failure makes us less safe. so peter, what more do we know about what president biden s expected to do and talk about when he is in saudi arabia? it s quite an accomplishment, a president of the united states going from israel to saudi arabia. reporter: yeah, that really says as much about the changing landscape here in the middle east as it does about anything else. the first u.s