We Will Live with This Inflation for Some Time, Joe Biden

U.S. President Joe Biden, during his speech at the Democratic National Committee reception, described the rise in gasoline and oil prices as a "side effect" of aiding Ukraine.

Discussing fuel price inflation, he noted that efforts are being made to bring prices down and to prevent them from rising so rapidly. He pointed out that they have managed to allocate 1 million barrels per day from military reserves, convincing allies to provide an additional 240 million barrels to mitigate inflation.

“However, we will live with this inflation for some time. It will gradually decrease, but for now, we will live in these conditions for a while,” Biden stated.