June 27, 2022

Taylor Daily Press

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Petrol price hits record high in US: 1.25 euros per liter |  Abroad

Petrol price hits record high in US: 1.25 euros per liter | Abroad

Gasoline prices in the United States hit new highs on Saturday. On average, a gallon (3.8 liters) costs more than $ 5 (4.75 euros) for the first time. If converted, it would cost about 1.25 euros a liter of petrol. In Belgium, too, the maximum price of petrol on Saturday was 95 (E10) at 1.7 cents. A new complete record As high as 2,155 euros per liter. This was reported by FPS Economy.

Rising fuel prices are one reason for high inflation. It was 8.6 percent in the United States last month. Fighting inflation is one of the top domestic priorities of US President Joe Biden’s administration.

“Exxon is more worthy than God”

Biden is angry about the prices at the pump. He unveiled the attack on oil company ExxonMobil on Friday during an event in Los Angeles harbor. “Exxon made more money than God did last year,” Biden said, calling on the company to spend less to buy its own shares and invest more to increase oil production.

The higher the oil production pump the lower the price must be ensured. The United States is already making good progress, says Biden, who predicts record production next year. The president says he is in talks with the department to speed up production. At the same time, the oil and gas sector should not try to take advantage of the Ukraine war by “making more profit and unnecessarily raising prices”.

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Long queue in petrol stocks due to high petrol prices