Record high gas prices are pinching Americans’ pockets ahead of what is usually peak summer driving season
Record-high prices are pinching Americans’ pockets ahead of what is usually peak summer driving season
President Biden said Thursday that he plans to release as much as 180 million barrels of oil from the U.S. Strategic Petroleum Reserve over the next six months to help tamp down near-record high fuel prices. Photo: Patrick Semansky/Associated PressRecord high gas prices are starting to take a toll on the American consumer.
Demand for gasoline in mid-May fell to one of its lowest levels for this time of year in nearly a decade, according to government data. The drop is an early indicator that rising gas prices are prompting some Americans to change their driving habits ahead of Memorial Day weekend and what is typically the peak summer driving season.
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