Energy secretary says she hopes gas prices won't reach $4

Energy Secretary Jennifer GranholmJennifer GranholmOvernight Energy & Environment — Earth records its hottest years ever Electric vehicles are here to stay  Biden administration to hire 1,000 workers for 'Clean Energy Corps' MORE said on Sunday that she hopes gas prices will not reach $4 per gallon soon, adding that the Organization of the Petroleum Exporting Countries (OPEC) is “controlling the agenda.”

“According to AAA, the national average of gas prices is now $3.42 a gallon. Bank of America is predicting crude oil prices could soar another 50 percent by next June. Could the average gas price in America be $4 a gallon in the United States soon?” “State of the Union” co-anchor Dana BashDana BashJan. 6 panel chair says 'significant testimony' shows White House 'had been told to do something' Jan. 6 panel eying subpoenas to force Republican reps to cooperate Hogan says it's 'insane' anyone could watch Jan. 6 and believe it was 'just tourists looking at statues' MORE asked Granholm on CNN.

“Well, we certainly hope not," the Energy secretary answered, saying President BidenJoe BidenPredictions of disaster for Democrats aren't guarantees of midterm failure A review of President Biden's first year on border policy  Vilsack accuses China of breaking commitments in Trump-era trade deal MORE "is all over this."

“Of course, every president is frustrated because they can't control the price of gasoline because it's a global market. You can call upon increased supply, which he has done and OPEC is unfortunately controlling the agenda with respect to oil prices. OPEC is a cartel, and it controls over 50 percent of the supply of gasoline,” she added.

Granholm also noted that OPEC countries decided last week against increasing their supply, adding that it is “going to increase the chokehold on access to affordable fuel at the pump.” 

She also acknowledged that Americans should expect to pay higher costs for heating their homes in the winter.

“We have the same problem in fuels that the supply chains have, which is that the oil and gas companies are not flipping the switch as quickly as the demand requires.”