the president USAJoe Biden again filed charges this Wednesday against oil companies, which he accuses of not refining crude oil enough, and asked them to cut fuel prices to consumers “right now.”
“Over the past two weeks, the price of crude oil has fallen by more than ten dollars a barrel. This usually reduces gas station prices by about 25 cents per gallon (3.78 liters), but some gas stations have only reduced them. a few cents – complained Joe Biden during a speech without question on White House.
the president USA He made these statements while asking his country’s Congress to approve his proposal to eliminate federal taxes on gasoline and diesel in July, August and September.
Plan Joe Biden This will temporarily eliminate the 18-cent-per-gallon tax on gasoline and the 24-cent-per-gallon diesel tax imposed by the federal government to fund road maintenance, among other things.
The president USA argued that a strong recovery of the country’s economy after the crisis caused by the pandemic would allow the Government to carry out the necessary work to maintain the country’s roads without needing money from these taxes.
However, it is not clear how much savings will be passed on to consumers, and Republicans were quick to characterize the proposal as a pre-election “stunt” that, moreover, would only serve to increase already rampant inflation.
Historic rise in fuel prices
Joe Biden He wanted to send a message to conservatives that the price problem was not a lack of U.S. oil production, but that the country’s oil companies weren’t processing enough oil due to refinery closures during the pandemic.
Tomorrow Minister of Energy USA He will meet with executives from several of these companies, such as Chevron or ExxonMobil, to try to find a solution to the historic rise in fuel prices.
Biden seeks fuel tax suspension to help deal with inflation pain | Font: AFP
The Democratic administration largely blames the invasion of Ukraine at the behest of the Russian president. Vladimir Putinrising fuel prices, and argues that this is the price Americans must pay to keep Russia from “getting away with it.”
The price of a gallon of gasoline in USA hit $5 on June 11, setting a record when the country experienced its highest inflation in 40 years.
A year ago, in June 2021, the average price of a gallon of gasoline (a measure used by gas stations in USAinstead of a liter) cost $3.07, which is almost two dollars lower than the current price.
In addition, 20 out of 50 states USA prices are above $5 a gallon, especially on the country’s west coast.
(As reported by EFE)
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Source: RPP
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