These are the factors that go into gas prices ...Middle East

News by : (The Hill) -
U.S. officials are looking at various options to bring prices down at the pump as prices soar to a record national average of over $5 per gallon.  Some states have sought a reprieve by implementing temporary gas tax suspensions and sources told The Hill Monday the White House is weighing a federal gas tax holiday. President Biden has also ordered an unprecedented release from the Strategic Petroleum Reserve and pressured oil companies to ramp up production. Experts also say Biden's recently-announced trip to Saudi Arabia could be used to urge the country to ramp up production of oil. Prices spiked after the U.S. sanctioned Russian oil during Moscow’s invasion of Ukraine which began

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