The price of oil is high.

Jimu News reporter Huang Jiaqi

Intern Zhao Wenbo

According to the Associated Press, US President Biden said on June 20, local time that he will decide whether to establish a gasoline tax exemption period before this weekend. This policy may save 18.4 cents for American consumers. However, the tax -free period of gasoline must be approved by Congress to face a difficult process.

Biden responds to oil prices on the beach (picture source: Associated Press)

"Yes, I am considering." Biden was on vacation at this moment. He said at the seaside of Lobosbich, Tella, "I hope to make the final decision based on the data collected this weekend."

US gasoline prices have risen since last year. According to reports, the average US gasoline price is only slightly lower than $ 5 per gallon.

The skyrocketing oil prices under high inflation in the United States brought pressure to consumers. According to the US "News Weekly" reports, many American people have begun to be a gun, wedding ring, and even heritage to change money.

Biden is looking for various ways to reduce oil prices.

The Biden government has released a large amount of oil from the US strategic reserve and expanded the use of ethanol mixed gasoline.

Earlier, Biden wrote a letter violently attacking the oil company, saying that when people were suffering from soaring gasoline costs and pressure on inflation, the oil company was earning huge profits. He also urged energy companies to improve its oil refining capacity.

However, these efforts have not significantly reduced prices, so that Biden considers the implementation of gasoline tax exemption.

Biden said his team members would meet with the CEO of the major oil company this week to discuss the price increase.

He said, "I want a explanation, why don't they refine more oil."

The American Petroleum Association and the US fuel and petrochemical manufacturer sent a joint letter to Biden, saying that the operation of the refinery is close to its maximum production capacity. They have limited capabilities to produce more gasoline and diesel, which means that unless the demand begins to weaken, Otherwise the price may remain high.

The letter also said: "Today's situation is not formed overnight, and it will not be resolved soon."

US Treasury Secretary Yellen pointed out on the 20th that "consumers have indeed suffered damage to rising gasoline prices, which is a huge burden for American families. Consider the policy to solve the problem. "

The tax exemption period for gasoline to be approved by Congress may face difficulties. Perlis, Speaker of the House of Representatives, and the Minority leader of the Senate, McConal, have doubts about this.

When a White House official who did not want to disclose the name was discussing the issue of gasoline prices, the dialogue was ongoing, and Biden wanted to discuss all the possibilities of reducing oil prices.

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