Biden Says U.S. Gas Prices Have Fallen Across the Country
Published Date: 12/8/2021
Source: Bloomberg Quicktake: Now
President Joe Biden traveled to Kansas City, Missouri Wednesday to promote his $1 trillion infrastructure law, which covers upgrades and repairs to roads, bridges, mass transit and water systems, and a shift to electrical vehicles. Biden kicked off his remarks by paying tribute to his longtime friend and former colleague, the late Sen. Bob Dole, who died Sunday at the age of 98. Dole served 36 years in Congress, rising to U.S. Senate majority leader. He was the 1996 Republican nominee for president, losing to incumbent Democrat Bill Clinton. Biden called Dole "an American giant, a man of extraordinary courage, both physical and moral." He said while he and Dole "didn't agree on everything," he always "admired and respected him and his willingness to work with anyone, any party when it mattered most." With Biden trying to rebound from sagging poll numbers, his first visit to Missouri as president was intended to tout his new infrastructure law and detail how it will improve the country, beyond simply repairing its aging roads and bridges. Biden said the nation has known of it's infrastructure woes "for a long, long time." "I don't think I could take one more phrase, it's going to be infrastructure week," Biden joked. "But guess what? It's going to be infrastructure decade now, man. No more talking, action," he said. Missouri has nearly 2,200 bridges and more than 7,570 miles of highway deemed in poor condition. Under the law, Missouri would expect to receive $7 billion for highways and bridges, a nearly 30% increase in federal funding, the White House said. "This law builds back our bridges, our water systems, our power lines, electric grids, better, stronger," Biden said, adding, "We never stop. We Americans always rebuild and we will rebuild this country." The president also promoted his efforts to lower gas prices by tapping into the Strategic Petroleum Reserve, saying gas prices are down by an average of 7 cents across the country and even more in Missouri - and still falling. "We're making progress. We're going to keep at it to ensure the American people are paying their fair share for gas, not being gouged for gas," he said. Subscribe to our YouTube channel: https://bit.ly/2TwO8Gm Subscribe to our newest channel Quicktake Explained: https://bit.ly/3iERrup Bloomberg Quicktake brings you live global news and original shows spanning business, technology, politics and culture. Make sense of the stories changing your business and your world. To watch complete coverage on Bloomberg Quicktake 24/7, visit http://www.bloomberg.com/qt/live, or watch on Apple TV, Roku, Samsung Smart TV, Fire TV and Android TV on the Bloomberg app. Have a story to tell? Fill out this survey for a chance to have it featured on Bloomberg Quicktake: https://cor.us/surveys/27AF30 Connect with us on… YouTube: https://www.youtube.com/user/Bloomberg Breaking News on YouTube: https://www.youtube.com/c/BloombergQuickTakeNews Twitter: https://twitter.com/quicktake Facebook: https://www.facebook.com/quicktake Instagram: https://www.instagram.com/quicktake