US President Joe Biden has called on Congress and states to take further legislative action to provide direct relief to American consumers who have been hit by the price hike. Specifically, he asked Congress to suspend the federal gasoline tax for three months, until September, without withdrawing money from the Highway Trust Fund. And he called on states to take similar action by both suspending local gasoline taxes and helping consumers in other ways.
The price of gasoline – the White House note reads – has risen dramatically around the world, and by nearly $ 2 a gallon in America, since Putin began amassing troops on the Ukrainian border. President Biden is aware that high gas prices pose a significant challenge to households.
For this reason, in recent months it has taken actions to increase the supply of oil and gas, including the historic release of the Strategic Petroleum Reserve and encouraging oil companies and refineries to increase capacity and production to increase the offer on the market.
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