President Joe Biden's proposal to bring down gas prices might provide only temporary relief to U.S. consumers, and instead could encourage them to drive...
Americans still look prepared to hop into cars for summer road trips, including the upcoming Fourth of July holiday, despite soaring gasoline prices and high inflation taking a toll as they fill up their tanks.
Read... Americans still look prepared to hop into cars for summer road trips, including the upcoming Fourth of July holiday, despite soaring gasoline prices and high inflation taking a toll as they fill up their tanks. “The administration announced it could use ‘all reasonable and appropriate federal government tools’ to increase refining capacity, including the Defense Production Act to order refiners to bring some of their shuttered plants back online,” said JP Morgan’s Natasha Kaneva, Ted Hall and Prateek Kedia, in the bank’s global commodities research team.
Read more: Biden will call on Congress to suspend gas tax. Some states have already enacted gas-tax holidays. But how effective have they been?
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