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    Home > Chemicals Industry > Rubber Plastic News > U.S. oil prices hit record highs, tackling inflation is Biden's "priority"   

    U.S. oil prices hit record highs, tackling inflation is Biden's "priority"   

    • Last Update: 2022-08-17
    • Source: Internet
    • Author: User
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    People are overwhelmed

    People are overwhelmed


    Nurse Joel Baxter refuels at a gas station in Brooklyn, New York City that d.


    Peter Lecto, 28, said gas is so expensive that he spent $60 on the 10th to fill up his car in Brookl.


    "That's what it is," said David Stephen, who was refueli.


    The Associated Press analysis, high oil prices is the main reason for the rise in gasoline pric.


    Gasoline costs have been rising along with global crude prices as "the world is looking for alternative supplies of Russian oil," said Andy Lipo, an analyst at Lippo Petroleum Consulti.


    The.


    The results of a poll released by the US media on the 4th of this month showed that the American people believe that the national economic situation is the worst in 10 years, and most people believe that the policies of the Biden administration are harmful to the economy and the government is ineffective in curbing inflati.


    Government capacity is limited

    Government capacity is limited

    Biden said at the White House on the 10th: "I want to let every American know that I am taking inflation very seriously, and it is my (handling) domestic priorit.


    According to Biden, ditching fossil fuels and improving energy efficiency will ultimately insulate Americans from higher gasoline, heating and cooling cos.


    White House press secretary Jane Psaki said suspending the federal fuel tax was "an option on the tab.


    However, analyst Libo believes that the above measures will be "the fastest way to relieve consumer price pressure to some exten.


    "Americans have never seen gas prices so high or so fast, so fast," said Patrick DeHaan, director of petroleum analysis at Gasoline Partners, a gasoline price track.


    "There is very little the president can do to help lower the cost of oil," said Andrew Gross, a spokesman for the American Automobile Associati.


    The Biden administration has announced the use of the Strategic Petroleum Reserve three times since November last ye.


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