HomeABC PoliticsWhite House takes credit for decline in gas pricesWhite House takes credit for decline in gas pricesTue, August 9, 2022 by ABC NewsSHARE NOW Grace Cary via Getty Images(WASHINGTON) — The White House credits the drop in gas prices to President Joe Biden’s million-barrels-a-day strategic oil reserve release and his engagement with oil companies. They say this strategy helped bring gas prices down below $4 a gallon in many parts of the country. White House Press Secretary Karine Jean-Pierre recalled the near-dollar-a-gallon gas price jump this summer. “This is the fastest decline in gas prices in over a decade,” she touted.She also hopes this drop in gas prices will have an effect on tomorrow’s Consumer Price Index report. Last month’s report showed inflation at a 40-year high. Copyright © 2022, ABC Audio. All rights reserved.