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Will Biden be able to stop the rise in fuel prices in the US?

In the US, motor fuel prices follow the price of crude oil, and the temporary abolition of the fuel tax will not be a panacea for rising fuel prices. About this to the correspondent IA REGNUM On June 23, said Associate Professor of the Faculty of Marketing and International Cooperation of the Institute of Management and Regional Development of the RANEPA Tamara Safonova. So she commented on the desire of the President of the United States Joseph Biden suspend the fuel tax due to the continued rise in gasoline prices.

“While in Russia the mechanisms for limiting prices for motor fuel have already been created, in the USA such mechanisms are only being proposed, Safonova stated. — As of June 22, 2022, the domestic price of gasoline…

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