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Biden Administration Expecting Cheaper Gasoline

OIL PRODUCTS

The Biden administration expects to see gasoline prices falling below $4 a gallon in some parts of the country shortly.

  • "We think it is reasonable to expect more gas stations to lower their prices in response to lower input costs," White House economic adviser Jared Bernstein said, adding "Barring unforeseen market disruptions, we expect to see average prices fall below $4 per gallon in more places in coming weeks."

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