Vice President JD Vance said the following in response to a question about gas prices during an event on Wednesday in Michigan:

QUESTION: We’re seeing gas prices climb at home and particularly with what’s going on in Iran and the Strait of Hormuz. What is the administration doing to help keep gas prices down and where do you see gas prices going here in the near future? VICE PRESIDENT JD VANCE: The president of the United States has been crystal clear about this. Look, gas prices are up. We know they’re up, and we know people are hurting because of it. We’re doing everything we can to ensure that they stay lower. I will say the president said this and I agree with it. This is a temporary blip. Okay? What happened under the Biden administration, the gas prices were high for four years. Gas prices are higher right now, and frankly, they’re not even as high as they were in certain parts of the Biden administration because of what’s going on in the Middle East. It’s not going to last forever. We’re going to take care of business, come back home, and when that happens, you’ll see energy prices come back down to reality. In the meantime, we have a problem and we know we have a problem. A couple of steps that we’ve taken in the last couple of weeks is that we actually worked with a lot of our allies all over the world, who are suffering with this more than we are. Unlike the United States, where we pursued an energy dominance agenda, you have a lot of people that focused on green energy scams, and they’re hurting a lot more than we are. So, as much as we’ve got to focus on getting the gas prices down, the reality is overseas they’re feeling it far worse than we did because we’ve taken the steps to protect our energy economy. For example, what we did working with these allies, we released hundreds of millions of barrels out of all of these petroleum reserves so that we can put downward pressure on prices. We’re working on a number of things-a couple of things that will be announced in this next 24 to 48 hours. I don’t want to get ahead of the president on that, but we recognize this is an issue, that we’re fighting against it, and we promise that when this conflict draws to a close, when this operation draws to a close, we’ll see the energy prices come back down to reality. That’s what the president promised. We’re more secure in the face of these things. We have a rough road ahead of us for the next few weeks, but it’s temporary.
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