On Thursday, US President Joe Biden said he will reveal “next week” plans to lower fuel costs, which had left his democratic party in a precarious position less than a month before the mid-term elections.
“We must keep striving to lower the excessive gas costs that are still in place. Next week, I’ll have more to say about this “said the 79-year-old while in Los Angeles.
By taking significant volumes of strategic oil reserves out of service, the Biden Administration has been attempting for several months to lower fuel prices in the local market.
The summer saw a decline in fuel prices, which was a result of the president and his democratic party enjoying greater popularity.
However, since the “OPEC Plus” cartel’s oil-producing members decided to cut back on output last week, gas prices in the US have increased.
The Democratic President finds himself in a precarious situation as a result of the high inflation rates in the nation less than a month before the legislative elections set for November 8—which are a decisive entitlement to the second half of the state of Biden.
Biden did not see the need to address the data released on Thursday, which revealed that the United States’ inflation rate is still above 8%, during his visit to Los Angeles to emphasise the massive infrastructure programmes that were begun on his initiative.
Democrats are working to lower the price of a variety of items, including energy bills, health insurance, and many more items that are discussed at the kitchen table. We are struggling for the working classes.
According to current opinion surveys, the Democratic Party is expected to hold onto its slim majority in the Senate but lose it in the House of Representatives.
Biden will reveal strategies to lower fuel prices the following week.
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