The White House will seek to keep gasoline prices low in the US

The White House said that it will seek to keep gasoline prices low in the United States. “We will continue to use all the tools at ...

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  • The White House said 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 on Monday that it will use “all the tools” at its disposal to ensure that gasoline prices in the US remain low, after the OPEC and its allies agreed 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, it has urged its partners who are part of that mechanism to seek a “solution” that allows production to grow as it did months ago.

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

GASOLINE USA
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,” said Psaki.

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

gasoline usa
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 decision of OPEC +, the intermediate oil of Texas (WTI), 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 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 on the occasion of the pandemic that made it more flexible. truck drivers schedule.

The post The White House will seek to keep gasoline prices low in the US appeared first on Hispanic World.

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