President Joe Biden noted that the quotation of Petroleum is far from the economically destabilizing highs of earlier this year and that “fuel prices should be coming down too.”
He added that his advisers informed him that Hurricane Ian affected less than 2% of daily US oil productionso “this small temporary impact of the storm on oil production is not an excuse” to increase prices, in which case he will ask his team to analyze the relevance of an increase.
The average price of fuel in the United States for motorists hovers around $3.8, well down from $5 a gallon (3.78 liters) in June.
That cost has been one of the main drivers of the inflationcausing headaches for Democrats and Joe Biden as they try to curb expectations of a Republican win in the November midterm elections.
Hurricane Ian strengthened and reached category four, on a scale of five, on its way to Florida, in the United States, this Wednesday, where forecasts predict “devastating winds and catastrophic flooding.”
The Pentagon mobilized 3,200 national guards and another 1,800 troops are on the way. Authorities in several municipalities distributed sandbags to help residents protect their homes.
Source: Ambito
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