Pres. Joe Biden Admits No Quick Fixes on Food and Gas' High Prices

President Joe Biden on Wednesday admitted that there is no immediate fix on the record high prices of food and gas across the United States.

Biden made his statement during a White House event with the manufacturers of baby formulas on Wednesday, according to New York Post.

"There's a lot going on right now. But the idea we're going to be able to click a switch, bring down the cost of gasoline, is not likely in the near term, nor is it with regard to food," the president said in the event, per the Daily Mail.

Biden furthered that his administration cannot take immediate action using the methods that he knew to bring back the gas prices to $3 per gallon. The president also noted that the same issue is also concerning the food prices.

Biden then blamed the current record-high prices of gas and food for the war in Ukraine. He cited that the United States is also having a hard time exporting wheat overseas due to the war. The president then noted that the delay in exporting wheat to the global market cost so much money to food shortages globally.

Biden then suggested how Americans can adapt to the high food and gas prices through compensation.

"You can compensate​, for example, by having drug prices drop significantly, or an impact on childcare... The bottom line is the bottom line, how much it costs you to maintain your household and your standard of living," President Joe Biden emphasized.

The programs the president cited were reportedly a part of his $2 trillion Build Back Better plan, which was shot down by centrists in his party late last year.

President Joe Biden on U.S. Gas Prices

President Joe Biden last week gushed over the gas prices in the U.S., calling it an "incredible transition" from being dependent on fossil fuels.

The chief executive claimed during that time that when the record high gas prices were over, Americans and the world will become stronger and less reliant on fossil fuels. Despite that, the president acknowledged that the high gas prices in the U.S. will affect many families.

Biden then pointed out that his administration is doing everything to keep the gas prices away from getting worse.

U.S. Gas Prices

Biden made his latest comment on U.S. gas prices the same day the Automobile Association of America (AAA) reported that the current national average of regular gas is $4.67, per CNN.

The current general average is reportedly 48 cents higher than the past month.

The state of Illinois is the latest state to join the seven areas that have an average of $5 per gallon of regular gas. Georgia has the lowest average, amounting to $4.16

Meanwhile, California stays within the $6 average threshold, with a gallon averaging $6.19 per gallon as of Wednesday.

This article is owned by Latin Post.

Written By: Joshua Summers

WATCH: Gas Prices Hit New Record High | Morning in America - From NewsNation