US President Joe Biden at the G7 summit in Elmau, Germany. File photoWASHINGTON, Jul 19 US President Joe Biden said that the price of gasoline in the country does not respond properly to falling oil prices.
"Now that oil prices have fallen, Americans are not saw declines. I want low prices to benefit consumers, not support profits,” he wrote on Twitter.
The President believes that with the rise in oil prices, the price of gasoline at gas stations has also risen rapidly, linking this to a Russian special operation in Ukraine. Biden has previously made several proposals aimed at reducing fuel prices in the United States, in particular, on the abolition of the fuel tax: when buying a gallon (3.785 liters) of gasoline, it is 18 cents, in the case of diesel fuel — 24 cents. At a press conference following his participation in the NATO summit on June 30, the head of the United States warned fellow citizens that they would have to overpay for fuel as much as needed. >»We were beaten»: Russia's oil achievements discouraged AmericansThe price of gasoline in the United States reached record highs in March, again renewing historical highs in May, and in June completely exceeding $5 per gallon. At the same time, in January 2021, when Biden first took over as head of state, this figure was $ 2.38 per gallon. At the beginning of the month, Biden called on gas station owners to lower fuel prices, the president’s demand drew criticism in economic circles, but gasoline has since 
Saudi Arabia will not dramatically increase oil production, the expert said