In the calendar year, gasoline in the United States has risen in price by more than 60 percent.
The administration of U.S. President Joe Biden is investigating all options for lowering fuel prices for Americans. In particular, the issue of the introduction of fuel cards for the poor is being considered. About it on Saturday, June 18, Fox Business wrote.
At the same time, analysts cited by the publication admitted that this measure could provoke inflation.
“A few months ago, the idea of fuel cards was rejected because, due to the lack of chips, the U.S. could not immediately issue a sufficient number of discount cards,” the article said.
In addition, U.S. officials have expressed concern that Americans will begin using cards not only to pay for fuel, but also for other goods. As a result, subsidies of this type will cause inflation to increase.
Last week, the average price of a gallon (3.785 liters) of gasoline fell to five dollars. However, in the calendar year, gasoline in the United States rose more than 60 percent.
Remember that fuel costs will remain at a high level until at least 2024, say analysts at Wood Mackenzie.
Earlier, the Cabinet of Ministers said that after the abolition of state regulation, the expected price will be up to UAH 58 for diesel fuel and UAH 52 for gasoline. Market participants who abuse the situation are promised penalties.
But according to media reports, taking into account the markup of gas stations, prices are approximately 60-72 hryvnia for diesel and 55-65 hryvnia for A-95 gasoline.
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Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.