“My effort to combat climate change is not raising the price of gas,” he said.

President Joe Biden reached for the US strategic oil reserves Tuesday in a bid to reassure Americans angry about inflation and goods shortages as they head off to Thanksgiving — and to buoy up his sinking poll ratings.

Facing growing discontent around the country over inflation and especially the soaring price of fuel in filling stations, Biden announced a coordinated plan with other big consumers to release national oil reserves onto the market.

The White House said that following weeks of negotiations, «this release will be taken in parallel with other major energy consuming nations including China, India, Japan, Republic of Korea and the United Kingdom.»

«It will take time but before long you should see the price of gas drop,» Biden said in a speech at the White House.

US economy is rebounding strongly from the Covid-19 lockdowns, supply chain disruption and inflation.

“This is a problem, not just here in the United States, but around the world,” Biden said in remarks at the White House, referencing the record-high cost of gas in Europe and Asia.

Price rises are «painful » for most Americans.

«Moms and dads are worried, asking will there be enough food we can afford to buy for the holidays. Will we be able to get Christmas presents to the kids on time and if so, will they cost me an arm and a leg», Biden said.

«Families can rest easy. Grocery stores are well-stocked with turkey and everything else you need for Thanksgiving and the major retailers I mentioned have confirmed that their shelves will be well-stocked in stores this holiday season,”  Biden added.

“This Thanksgiving we have so much to be grateful for. Vaccines that are effective, safe, and free. Promising new treatments providing for hope that we can bring an end to the worst tragedies of this crisis. Record job growth, the strongest recovery in the world, and most of all, a chance to be together again with the people we love on Thanksgiving,” he said.