Friday, 9 May 2025
America Age
  • Trending
  • World
  • Politics
  • Opinion
  • Business
    • Economy
    • Real Estate
    • Money
    • Crypto & NFTs
  • Tech
  • Lifestyle
    • Lifestyle
    • Food
    • Travel
    • Fashion / Beauty
    • Art & Books
    • Culture
  • Health
  • Sports
  • Entertainment
Font ResizerAa
America AgeAmerica Age
Search
  • Trending
  • World
  • Politics
  • Opinion
  • Business
    • Economy
    • Real Estate
    • Money
    • Crypto & NFTs
  • Tech
  • Lifestyle
    • Lifestyle
    • Food
    • Travel
    • Fashion / Beauty
    • Art & Books
    • Culture
  • Health
  • Sports
  • Entertainment
Have an existing account? Sign In
Follow US
© 2024 America Age. All Rights Reserved.
America Age > Blog > World > Biden says high gas prices will continue ‘as long as it takes’ to defeat Russia’s invasion of Ukraine
World

Biden says high gas prices will continue ‘as long as it takes’ to defeat Russia’s invasion of Ukraine

Enspirers | Editorial Board
Share
Biden says high gas prices will continue ‘as long as it takes’ to defeat Russia’s invasion of Ukraine
SHARE
Joe Biden

President Joe BidenStefani Reynolds/Getty Images

  • Biden says high gas prices will continue “as long as it takes” to thwart Russia’s invasion of Ukraine.

  • His approval rating has fallen due to the spike in gas prices eating more of Americans’ finances.

  • Gas prices remain high at nearly $5 per gallon.

President Joe Biden said there may be no end in sight for high gas prices in the US until Russia’s invasion of Ukraine is thwarted.

When asked how long American drivers 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 continued, “this is a critical, critical position for the world.”

The president made the comments on Thursday at a news conference in Madrid, Spain. In March, the White House announced a ban on imports of Russian oil as part of an effort to punish the Kremlin for its invasion of Ukraine.

Gasoline prices have climbed steeply since the start of the year, reflecting significant consumer demand outstripping the supply of oil, paired with ongoing turmoil in energy markets largely as a result of the invasion. The national average for a gallon of regular gasoline dropped slightly to $4.85 on Wednesday, compared to $5 per gallon two weeks ago, per AAA.

Biden has few options to bring down gas prices ahead of the November midterms, where Democrats face the serious possibility of losing one or both chambers of Congress.

In recent months, the White House has taken steps to boost oil supply such as ordering a major release of oil from the Strategic Petroleum Reserve, paired with an easing of regulations on biofuels. But that has done little to quell the inflationary surge in gas prices.

His strategy has appeared to shift in recent weeks. Biden has bashed oil companies like ExxonMobil for raking in huge profits and White House officials are keeping the door open to levying a new tax on those profits. The president has also endorsed suspending federal gas taxes last week, a measure all but dead on Capitol Hill due to bipartisan resistance.

Biden’s approval rating has sharply fallen this year with much of the decline attributable to voters anxious about the spike in gas prices. Rising inflation is eating into paychecks when Americans go shopping at the grocery store or pay rent.

Read the original article on Business Insider

Share This Article
Twitter Email Copy Link Print
Previous Article BE OPEN Celebrates Winners of a Competition to Support the UN Sustainable Goals and Fight the Food Crisis BE OPEN Celebrates Winners of a Competition to Support the UN Sustainable Goals and Fight the Food Crisis
Next Article Nicola Sturgeon accused of focusing ’24 hours a day’ on Indyref2 Nicola Sturgeon accused of focusing ’24 hours a day’ on Indyref2

Your Trusted Source for Accurate and Timely Updates!

Our commitment to accuracy, impartiality, and delivering breaking news as it happens has earned us the trust of a vast audience. Stay ahead with real-time updates on the latest events, trends.
FacebookLike
TwitterFollow
InstagramFollow
LinkedInFollow
MediumFollow
QuoraFollow
- Advertisement -
Ad image

Popular Posts

Math Defeated Him in School. In His 60s, He Went Back for More.

Mathematics is different. When Wilkinson doesn’t grasp a detail in a problem, he knows that…

By Enspirers | Editorial Board

‘A League of Their Own’ cast on bringing LGBTQ narratives to updated version of 1992 baseball classic

Penny Marshall's 1992 baseball blockbuster, A League of Their Own, has long been an uncontested…

By Enspirers | Editorial Board

Nation Singer Jamey Johnson Arrested for Drug Possession and Rushing

Nation singer Jamey Johnson's Sunday was removed from a funday, as cops hauled him in…

By Enspirers | Editorial Board

Denver Broncos Star Zach Wilson Engaged to Mannequin Nicolette Dellanno

Zach Wilson will quickly step off the gridiron and into a classy tux ... 'trigger…

By Enspirers | Editorial Board

You Might Also Like

Individuals have fun Leo XIV as first US pontiff: ‘Everything dope, including the pope’
World

Individuals have fun Leo XIV as first US pontiff: ‘Everything dope, including the pope’

By Enspirers | Editorial Board
Australia information dwell: Anthony Albanese to handle new caucus the place girls outnumber males; Liberals set date to select chief
World

Australia information dwell: Anthony Albanese to handle new caucus the place girls outnumber males; Liberals set date to select chief

By Enspirers | Editorial Board
Conclave reside: black smoke emerges from chimney as cardinals fail to agree on new pope
World

Conclave reside: black smoke emerges from chimney as cardinals fail to agree on new pope

By Enspirers | Editorial Board
Meals requirements have been ‘red line’ in UK-US commerce talks, ministers say, as deal anticipated to be introduced – UK politics reside
World

Meals requirements have been ‘red line’ in UK-US commerce talks, ministers say, as deal anticipated to be introduced – UK politics reside

By Enspirers | Editorial Board
America Age
Facebook Twitter Youtube

About US


America Age: Your instant connection to breaking stories and live updates. Stay informed with our real-time coverage across politics, tech, entertainment, and more. Your reliable source for 24/7 news.

Company
  • About Us
  • Newsroom Policies & Standards
  • Diversity & Inclusion
  • Careers
  • Media & Community Relations
  • WP Creative Group
  • Accessibility Statement
Contact Us
  • Contact Us
  • Contact Customer Care
  • Advertise
  • Licensing & Syndication
  • Request a Correction
  • Contact the Newsroom
  • Send a News Tip
  • Report a Vulnerability
Terms of Use
  • Digital Products Terms of Sale
  • Terms of Service
  • Privacy Policy
  • Cookie Settings
  • Submissions & Discussion Policy
  • RSS Terms of Service
  • Ad Choices
© 2024 America Age. All Rights Reserved.
Welcome Back!

Sign in to your account

Lost your password?