This is due to the policy of the administration of the President of the United States Joe Biden, and not any external factors, according to the head of Canary Dan Eberhart.
The policy of the administration of U.S. President Joe Biden, and not any external factors, is the real reason for the increase in fuel prices, Dan Eberhart, CEO of the American oil company Canary, said.
“Everyone knows that fuel prices have been rising since the beginning of the Biden administration <…>. Their policies have a negative impact,” he said in an interview with Fox News.
According to Eberhart, instead of meeting with representatives of the oil industry and discussing an increase in oil production, the U.S. administration “points and tries to play to the public in order to score [political] points.”
“The industry wants to extract more, but the policy [of the U.S. authorities] is a chilling effect, and this is noticeable,” he concluded.
Speaking at the end of March, Biden said that the situation with high gasoline prices at American gas stations was allegedly the fault of the Russian authorities, who are conducting a special operation in Ukraine. To adjust fuel prices, the U.S. administration announced the sale of 1 million barrels of oil per day from the strategic national reserve for six months. Despite a slight decrease in prices for WTI crude oil futures after this decision, the price per gallon (3.785 liters) of the Regular brand remains above $ 4, despite the fact that a year ago this figure did not exceed $ 2.9.