Biden instructed to “put pressure” on the energy industry to reduce fuel prices
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US President Joe Biden has instructed his economic team to put pressure on the energy industry, the White House said. He wants the fall in world oil prices to be reflected in the cost of fuel in the country.
The President reaffirmed “commitment to lower prices … to move towards more stable growth without abandoning historic economic gains.” “He also instructed the team to put pressure on the energy industry to ensure that falling global oil prices are reflected in gas stations for consumers,” the White House said in a statement.
US CPI in August increased by 0.1%, while in July the dynamics was zero. Compared to August last year, prices increased by 8.3%, which is slightly lower than the July dynamics (8.5%) and the record June (9.1%). At the same time, gasoline (by 10.6%) and diesel fuel (by 5.9%) fell in price most of all compared to July.
On the influence of gasoline prices and other factors on US policy – in the material “Kommersant” “Democrats Forward”.
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