Home Business U.S. gasoline prices set a new record again. media: It may exacerbate inflation
U.S. gasoline prices set a new record again. media: It may exacerbate inflation

U.S. gasoline prices set a new record again. media: It may exacerbate inflation

by YCPress

May 17 – According to CNN, data released by the American Automobile Association showed that on the 16th local time, the average price of ordinary gasoline in the United States hit a new record of $4.48 per gallon, which means that it has risen by 15 cents and 40 cents a month in the past week. .

According to the American Automobile Association, the average gasoline price in California, Washington, Nevada and Hawaii has exceeded $5 per gallon.

According to the report, the rise in gasoline prices may exacerbate the inflation problems faced by American households and the economy as a whole.

After U.S. President Biden announced a ban on the import of Russian energy on March 8, U.S. gasoline prices continued to hit new highs.

Biden announced at the White House on March 31 that he would release 1 million barrels of strategic oil reserves every day over the next six months to cope with soaring energy prices.