U.S. prepares to use fuel from reserves to lower market prices - CNN

24 May 2022, 09:14 | Economy
photo Зеркало недели
Text Size:

The US government may soon use reserve stocks of diesel fuel to stabilize prices in the market. It is reported by CNN, citing a source in the White House..

According to the publication, US President Joe Biden ordered preparations to release fuel reserves.. Alarmed by dwindling inventories and soaring diesel prices, US officials have launched major internal briefings and consultations with fuel retailers to better understand the situation..

However, according to the source, even the use of fuel reserves will not improve the situation in the US market in the long term.. The amount of diesel in reserves is too small to stabilize prices for more than a few weeks.

CNN reports that the average US price per gallon of diesel is now $5.56, up 75% from last year.. Some local analysts predict that it will rise to $10 by the end of the summer..

[see_also ids\u003d"

Earlier it was reported that Biden's approval rating in the US fell to a record low..

Among the reasons for the decline in support for the president are inflation that has been record for 40 years, higher fuel prices and active White House assistance to Ukraine against the backdrop of internal problems..

Are American voters satisfied with how the US leadership supports Ukraine in the war against Russia? Do they support the “closing of the sky” over Ukrainian cities and what weapons do they agree to transfer to our country What fear of Americans gives way to their fear of nuclear war? Anna Brodsky-Krotkina shares fresh sociology from Harvard in the article “Why Biden needs Putin’s defeat in Ukraine”.




Add a comment
:D :lol: :-) ;-) 8) :-| :-* :oops: :sad: :cry: :o :-? :-x :eek: :zzz :P :roll: :sigh:
 Enter the correct answer