The cost of gasoline at gas stations in the United States last week repeatedly updated the historical maximum; on March 10 it exceeded $4.31 per gallon of the Regular brand.
The U.S. President Joe Biden on Wednesday urged oil companies not to inflate gasoline prices in the country.
“Oil prices are declining, gasoline prices should also. The last time oil cost $96 per barrel, a gallon (3.785 liters) gasoline cost $ 3.62. Now it costs $4.31. Oil and gas companies should not increase their profits at the expense of hardworking Americans,” the president wrote on his Twitter page.
As the U.S. Labor Ministry reported on March 10, by the end of February, the consumer price index in the U.S. over the past 12 months reached 7.9%, which was the highest since January 1982. On a monthly basis, consumer prices rose by 0.8% in February. According to the Ministry of Labor, the prices of gasoline, housing and food have raised the most. So, the cost of gasoline at gas stations in the United States last week repeatedly updated the historical maximum. On March 10, it exceeded $4.31 per gallon of Regular brand.
Biden explained this growth by the fact that the crisis around Ukraine had an impact on the situation. In addition, he argued that inflation in the United States as a whole is breaking records due to Russia’s actions.