(ANSA) - NEW YORK, NOV 23 - Expensive petrol is not linked to the fight against climate change. This was stated by the US president, Joe Biden, underlining how pump prices are not going down even though wholesale prices are going down. "It is unacceptable for companies to take the gains" of this difference, adds Biden, explaining how coordinated action to release strategic oil reserves will make the difference.
High gasoline prices are a problem, not only in the United States but all over the world, continues Biden, recalling how even in the past the States have experienced higher prices at the pump. "This does not mean that we have to watch: this is why I ordered the release of strategic oil reserves, the largest ever. It will help."
However, oil continues to rise: it closed higher in New York, where prices rose by 2.30% to 78.50 dollars a barrel.
The leap comes on the day Biden announced the release of strategic oil reserves.
(HANDLE).
