Biden: Gas Prices Will be High for 'As Long As It Takes'

The transcript discusses the implementation of an oil price cap on Russian exports as a response to high gasoline prices globally. It explores the impact of the war on oil prices, potential strategies to manage these prices, and domestic measures to provide relief to consumers. The discussion includes the role of NATO, insurance restrictions on Russian oil, and the release of oil reserves to stabilize prices.

What is the expected impact of ending the gas tax temporarily?

According to the speaker, what is the primary reason for the increase in gas prices?