White House Will Seek to Keep Prices Low

  • The White House assured that it will seek to keep gasoline prices low in the United States.
  • “We will continue to use all the tools at our disposal … to keep gasoline prices low for the American public,” said the White House spokeswoman.
  • “We have planned to protect ourselves against price increases here,” said Jen Psaki.

The White House said Monday that it will use “all the tools” to ensure that gasoline prices in the US remain low, after the OPEC and its allies will agree to increase their joint production by 400,000 barrels per day, the Efe news agency reported.

Asked about the decision of the OPEC + alliance, the White House spokeswoman, Jen Psaki, explained that, although her country does not belong to that organization, she has urged her partners who are part of that mechanism to find a “solution commitment ”that allows production to grow as it did months ago.

White House says it will seek to maintain gasoline prices in the US

Photo: AP

“We will continue to use all the tools at our disposal, even if we are not members of OPEC, to ensure that we can keep gasoline prices low for the American public,” Psaki said.

The 23 ministers of the Organization of Petroleum Exporting Countries (OPEC) and the producing nations that do not make up this body decided this Monday to maintain a policy of caution and increase pumping as agreed last July.

They clarify that the rise in gasoline prices is partly due to Hurricane Ida

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Photo: Twitter

Through the mechanism defined in July, OPEC + plans to gradually return to the market the barrels it withdrew in 2020, when it agreed to a large cut in production, of 9.7 million barrels per day (mbd), which is equivalent to about 10% of the world supply.

After knowing the OPEC + decision, the intermediate oil of Texas (WTI), a reference in the United States, closed with a rise of 2.3% and stood at 77.62 dollars. Psaki clarified that the rise in gasoline prices in some areas of the US is due “in part” to the effect of Hurricane Ida in September, which strongly impacted the south and east coast of the United States, causing dozens of deaths and millionaires. material losses.

“We have planned to protect ourselves against price increases”

gasoline usa
Photo: Twitter

In addition to mentioning the work “24 hours a day” to restore electricity service in the places still affected by Ida, Psaki assured that the Department of Energy authorized the use of “several million barrels” of the Strategic Petroleum Reserve of the country.

“We are not members of OPEC, but we are also taking a series of measures and we have planned to protect ourselves against the increase in prices here,” added the spokeswoman, who also referred to an emergency declaration used due to the pandemic that allowed the flexibility of the truck drivers schedule.

Gasoline price rises in the United States

prices go up
Photo: Twitter

Gasoline price rises across the country and remained the same in New Jersey, but is expected to decline in the Garden State as a new tax rate takes effect, analysts say, according to information from the Newsbreak website and the AP news agency.

AAA Mid-Atlantic says the average price of a gallon of regular gas in New Jersey on Friday was $ 3.22, unchanged from a week ago. Drivers were paying an average of $ 2.17 per gallon a year ago right now.


Gasoline goes up in price
Photo Getty Images

The national average price for a gallon of regular gasoline was $ 3.19 a penny more than last week. Drivers were paying $ 2.19 per gallon on average a year ago right now, yet the situation changed dramatically this year across the United States.

Analysts say New Jersey drivers should start to see the usual fall in prices fall with the 8.3-cent drop in gas tax. But they warn that 16 percent of oil production in the Gulf of Mexico remains closed due to recent storms and “high oil prices will likely keep pump prices high this fall.”

They distribute fuel

Photo Getty Images

But the United States is not the only country with this problem, since Britain has been suffering from shortages for days, so the British government’s reserve tanker fleet was deployed to help bring gasoline to empty stations in the United Kingdom. and military drivers will begin operating tanker trucks in the coming days to alleviate the shortage crisis in the country, a senior official said.

Business Secretary Kwasi Kwarteng said the first dozen soldiers trained to operate the trucks will start rolling on the roads in a few days. “Sometimes it takes a few days to deploy the troops. We have decided to do it. I think that in the next few days they are going to see soldiers driving the tanker trucks, ”Kwarteng told reporters. Filed Under: US Gasoline Increase.


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He added that the government’s reserve truck fleet, led by civilian drivers, will begin providing “additional logistical capacity to the fuel industry” starting Wednesday. The Petrol Retailers Association, which represents gasoline retailers, reported that Britain’s fuel supply crisis, triggered by a shortage of truck drivers, is beginning to resolve.

Many petrol stations in Britain have closed in the past five days after running out of fuel, a situation exacerbated by hoarding by some motorists. Long lines of vehicles formed next to the stations that were still in service, blocking roads and causing chaos in traffic. Filed Under: US Gasoline Increase.

They wait for hours

Gas prices go up
Photo Getty Images

Some motorists have had to wait for hours to fill their tanks. Gordon Balmer, executive director of the Petrol Retailers Association, said just 27% of its members reported running out of fuel on Wednesday.

“With regular replenishments, we expect the relief (from the shortage) to continue in the next 24 hours,” he said. But the taxi drivers union said a quarter of its members were unable to work Tuesday and there appeared to be little immediate indication of an improvement in the situation. Filed Under: US Gasoline Increase.

“It has not improved”

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“It has not improved. The queues at the station – if you can find a station to queue at – are not improving, ”said Steve McNamara, general secretary of the Licensed Taxi Drivers Association.

The supply problems have stemmed from a shortage of up to 100,000 truck drivers due to a combination of factors, including problems caused by the pandemic in driver training, an aging workforce and an exodus of foreign workers after Brexit. Filed Under: US Gasoline Increase.

They line up

Vehicles queue up outside a BP petrol station in Alton, Hampshire. Picture date: Thursday September 30, 2021. (Photo by Andrew Matthews / PA Images via Getty Images)

Thousands of Britons are currently queuing at petrol stations, causing huge traffic jams and fears that emergency services will not be able to reach those in need.

The government has brought out the army to help and has called on the population not to panic. And of course when hearing the word panic, that is what people begin to feel, buying gasoline at a volume not seen since September 2000 when a similar crisis paralyzed the entire country. Filed Under: US Gasoline Increase.