Biden has ordered the government to really cut prices at gas stations

Published by
Peter Kavinsky

US President Joe Biden and Vice President Kamala Harris met members of the administration’s economics team Friday to discuss ways to lower fuel prices and other products.

This is in the official message of the White House, which was put into circulation after the meeting, reports Ukrinform.

“The president instructed the team to pressure the energy industry so that the drop in global oil prices becomes tangible for consumers at gas stations,” the report said.

Also read: EU-via multiple to soften want come to an agreement about constraint Prices on the Russian oil-Bloomberg

In addition, Biden reaffirmed the course to lower prices by implementing reforms envisioned by the recently passed Inflation Reduction Act, as well as the Electronic Chips and Science Act. As emphasized in the White House, these reforms should aim at more stable economic growth “without giving up the country’s historic economic gains”.

The meeting was attended by, among others, the Ministers of Finance and Trade and the head of the Council of Economic Advisers.

Also read: Yield excise duty: Ministry of Economy not expected shortage and raise Prices on the petrol station

As Ukrinform reported, energy and food prices around the world have risen significantly against the backdrop of the war unleashed in Europe, which has brought wide-ranging sanctions against the Russian Federation, as well as disruptions to food supplies from Ukraine.

Peter Kavinsky

Peter Kavinsky is the Executive Editor at cablefreetv.org

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