Economic adviser claims Biden is doing ‘everything we possibly can’ to combat high gas prices

White House Director of the National Economic Council Brian Deese appeared on Bloomberg Markets: The Open Thursday to discuss rising gas prices and inflation.

Joe Silverstein is a production assistant for Fox News Digital. 

Deese referenced the Biden administration’s release of America’s strategic oil reserves as evidence that the president is doing everything in his power to fight high prices. 

"So the release of oil from the strategic petroleum reserve sounds esoteric to people but oil market analysts you’ve had on this show will say it was single-handedly responsible for keeping oil prices from going higher," he said.