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Gas Prices: What Jim Cramer Wants to Hear From the Biden Administration

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Amid rising gas prices, the Biden administration said it will call on OPEC and its oil-producing allies to boost production as well as calling on regulators to scrutinize the price at the pump.

The White House told CNBC OPEC+’s gradual easing of production cuts is “simply not enough” amid a “critical moment in the global recovery.”

As of Tuesday, the AAA reported that the average U.S. price for a gallon of gasoline stood at $3.186. 

Jim Cramer shared his take on the move and what he would like the White House to do instead in the video above. 

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