Biden Consults U.S. Oil Industry About Soaring Gasoline Prices
President Biden has discussed the latest trends in retail fuel prices with representatives of the U.S. oil industry, Politico has reported, citing unnamed sources in the know.
U.S. gasoline prices hit a new high this month, to an average of $3.26 per gallon as of the start of this week, according to GasBuddy data cited by NBC. In certain states, drivers are paying more than $4 for a gallon of gas, the data also showed.
High prices at the pump are notorious as a voting preference factor, and the Democrats are already preparing for next year's midterm, so they need to act fast to lower prices.
Twice already, the Biden administration has called on OPEC+ to bring more oil to the market, but the cartel has brushed off the calls …
More on: oilprice.com