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US Looking to Keep Gasoline Prices Steady into Driving Season

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The US is aiming to keep gasoline prices in current ranges into this summer driving season according to President Biden’s top economic aide.

  • “This is the time of year when the gasoline mix changes, and so we’re keeping a very close eye on gas prices at the pump and also of course some of the events in the Middle East,” Lael Brainard said.
  • Brainard declined to directly answer whether the administration is considering another release from the Strategic Petroleum Reserve.
  • She also gave no indication if the US will add oil sanctions against Iran following other additional measures against Iran announced on April 18 in retaliation for its attack on Israel.
  • “There are of course things that have been done in the past, and we’ll continue to very closely monitor, make sure gas prices remain affordable for so many American families heading into the summer driving season,” Brainard said.
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The US is aiming to keep gasoline prices in current ranges into this summer driving season according to President Biden’s top economic aide.

  • “This is the time of year when the gasoline mix changes, and so we’re keeping a very close eye on gas prices at the pump and also of course some of the events in the Middle East,” Lael Brainard said.
  • Brainard declined to directly answer whether the administration is considering another release from the Strategic Petroleum Reserve.
  • She also gave no indication if the US will add oil sanctions against Iran following other additional measures against Iran announced on April 18 in retaliation for its attack on Israel.
  • “There are of course things that have been done in the past, and we’ll continue to very closely monitor, make sure gas prices remain affordable for so many American families heading into the summer driving season,” Brainard said.