Ahead of elections, Biden announces steps to reduce gas prices in US ...Middle East

Economy by : (Business Standard) -
Ahead of the crucial mid-term polls, US President Joe Biden has announced a slew of measures to lower gas prices, which have been hurting the middle class. Biden, in a major policy speech, reiterated that Russian President Vladimir Putin was responsible for the hike in energy prices in the US. When the price of gas goes up, other expenses get cut. That's why I have been doing everything in my power to reduce gas prices since Putin's invasion of Ukraine caused these prices to spike and rattled international oil markets, he said in a speech. Biden said the Department of Energy will release another 15 million barrels from the Strategic Petroleum Reserve, extending the previously announced relea

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