Biden makes gasoline prices endurance vow

Must read

Florida’s tussle with Disney wouldn’t have happened ‘if Bob Iger had been CEO,’ says top DeSantis ally

Florida lawmakers are reviewing ways to restore some of the privileges that the state stripped from Walt Disney Co., still reducing the company’s benefits...

Americans Are Fed Up With Woke Military Leadership: Poll Shows Less Than 50% Now Trust

I recently hit my one-year military retirement anniversary, which has me ruminating on my past life in the...

MAGA Rep Marjorie Taylor Greene Demands Answers on 73,000 ‘Gotaways’ at the Border in November

Representative Marjorie Taylor Greene has a few questions following a report indicating that a record number of “gotaways”...

Flashback: Kanye Performs at DNC Fundraiser, Obama Jokes About Him Becoming House Speaker

Kanye West has been in the spotlight for very bad reasons of late, culminating with a bizarre interview...

The US will bear high gasoline prices for as long as needed, President Joe Biden said on Thursday during a news conference at the NATO summit in Madrid.

When asked how long American motorists should expect to deal with high fuel prices, Biden told reporters “As long as it takes, so Russia cannot in fact defeat Ukraine and move beyond Ukraine.” He stressed that “this is a critical, critical position for the world.”

US gasoline prices, a key driver of the highest inflation seen in the country in 40 years, hit a record $5-a-gallon this month. The prices have been on the rise since the start of the year, reflecting significant consumer demand outstripping the supply of oil, as well as the ongoing turmoil in energy markets. Biden had earlier reassured the public that the US government was doing everything it can “to reduce this pain at the pump.”

The White House has repeatedly blamed Russian President Vladimir Putin for causing inflation in the US, with Biden describing it as “Putin’s price hike.”

However, the US Federal Reserve has recently rejected the assertion that soaring inflation in the country was mostly being driven by the crisis in Ukraine, pointing out that prices had been rising well before that.

For more stories on economy & finance visit RT’s business section

More articles

Latest article

Florida’s tussle with Disney wouldn’t have happened ‘if Bob Iger had been CEO,’ says top DeSantis ally

Florida lawmakers are reviewing ways to restore some of the privileges that the state stripped from Walt Disney Co., still reducing the company’s benefits...

Americans Are Fed Up With Woke Military Leadership: Poll Shows Less Than 50% Now Trust

I recently hit my one-year military retirement anniversary, which has me ruminating on my past life in the...

MAGA Rep Marjorie Taylor Greene Demands Answers on 73,000 ‘Gotaways’ at the Border in November

Representative Marjorie Taylor Greene has a few questions following a report indicating that a record number of “gotaways”...

Flashback: Kanye Performs at DNC Fundraiser, Obama Jokes About Him Becoming House Speaker

Kanye West has been in the spotlight for very bad reasons of late, culminating with a bizarre interview...

Florida AG Warns of ‘Frightening’ New Trends in Fentanyl Distribution

By Bethany Blankley (The Center Square) Florida Attorney General Ashley Moody is continuing to warn Floridians...