2023-07-27 17:25:36
The United States has returned to witnessing the scenario of fuel price increases that it witnessed last summer, following its prices rose to the highest level since November of 2022, which puts more pressure on the administration of US President Joe Biden.
Average retail gasoline prices in the United States rose by 12 cents in the past three days, according to AAA data, to repeat this pace of rise, which has not been recorded since last summer, the strong upward wave that occurred at the time and witnessed a state of discontent among American motorists.
The price of a gallon rose to $3,714 on Wednesday, making it the second-highest cost of fuel at this time of year over the past decade.
The US President is trying hard to curb inflation before running for the presidency next year, hoping to restore consumer confidence, but these hikes have made his mission difficult.
Although overall inflation in the US has declined over the past 12 months, gasoline prices are a very obvious major expense for many voters.
Although some analysts expected the pace of price increases to slow soon, gasoline futures continued to rise Thursday, which might delay any expectations of a price decline at the fuel pumps.
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