Biden Says He S Doing Everything In His Power To Reduce Gas Prices

President Biden said Tuesday he was doing “everything in his power” to “reduce the price” of gas across the country, saying family budgets and Americans’ ability to “fill” gas tanks They should not depend on whether a dictator like Russian President Vladimir Putin “declares war” or “commits genocide.” The president, speaking in Menlo, Iowa, the country’s largest corn ethanol plant, officially announced the approval of E15 gasoline in the United States in a bid to boost fuel supply and reduce gas prices across the country. INFLATION INCREASED BY 8.5% IN MARCH, REACHING A NEW 40 YEAR HIGH E15 gasoline uses a 15% ethanol blend and is set to go on sale in the United States this summer in a bid to expand American access to affordable fuel supplies. According to the White House, at current prices, the E15 could save a family 10 cents per gallon on average. President Joe Biden Announces Steps to Facilitate Rising Consumer Prices at POET Bioprocessing in Menlo, Iowa on April 12, 2022. (MANDEL NGAN / AFP via Getty Images) The president on Tuesday referred to inflation, which accelerated in March to a new four-decade high as Russia’s war in Ukraine fueled rapid oil and gas gains that wiped out wage benefits for most Americans. . “Putin’s invasion of Ukraine has pushed up gas and food prices around the world,” Biden said. “Everything goes up.” Biden, citing inflation figures released Tuesday morning, said “the rise in prices in March was due to Putin’s rise in gasoline prices.” The consumer price index rose 8.5% in March from a year earlier, according to a new Labor Department report released on Tuesday, the fastest rise since January 1982, when inflation reached 8.4%. The CPI – which measures a range of goods ranging from petrol and healthcare to groceries and rents – jumped 1.2% in the monthly period from January. Gasoline prices appear at a gas station, after the Russian invasion of Ukraine, in Jersey City, New Jersey, USA, March 9, 2022. (REUTERS / Mike Segar) Biden last month announced a ban on all imports of Russian oil, gas and energy to the United States, aimed at “the main artery” of the Russian economy in the midst of Russian President Vladimir Putin’s war against Ukraine, but warned that cost to American families. BIDEN ANNOUNCES APPROVAL OF E15 GASOLINE IN EFFORT TO INCREASE US FUEL SUPPLY, REDUCING GAS PRICES Russian oil exports account for about a third of Europe’s oil imports, but Russian exports are just under 10% of total US imports. “I am doing what I can with executive orders to lower the price and deal with Putin’s price increases,” Biden said on Tuesday. “I, in fact, have already made progress since March. Data on inflation has been collected.” Biden added: “Your family budget, your ability to fill your tank, none of this should depend on whether a dictator declares war, commits genocide, half the world away, to help cope with this increase. Putin’s prices. “ Biden, speaking on the announcement of the E15 mandate, said “it is not going to solve all our problems.” “It will help some people and I’m committed to what I can to help, even if it’s one or two extra dollars in their pockets when they fill up or make a difference in people’s lives,” Biden said. President Biden speaks on the Bipartisan Infrastructure Act in the Southern Court Auditorium at the Eisenhower Executive Office on the White House Campus in Washington, DC, Friday, January 14, 2022. (AP Photo / Andrew Harnik) The president said the Biden government was “investing more than $ 100 million to build biofuel infrastructure for the future.” “Things like land pumps, blender pumps, gas pumps – can handle higher mixtures, bioethanol and diesel fuel,” Biden said. “Of course we need to do more to reduce the prices for American families,” Biden said. Biden CALLS FOR TURKISH CRIMES IN UKRAINE, DENIES “GENOCIDE” IN BUHA Faced with rising prices for household items, the president said his government was “working to tackle food prices”. Americans have seen meat prices rise 14.8%, fish 10.9%, eggs 11.2%, milk 13.3%, fruits and vegetables 8.1% and coffee 11 , 2% from last year. Rising inflation erodes strong wage earnings seen by American workers in recent months: Real average hourly wages fell 0.8% in March from a month earlier as 1.2% inflation eroded overall wages profit 0.4%, according to the Labor Department. On an annual basis, real profits fell 2.7% in March. Biden, meanwhile, referred to the atrocities committed by Putin and Russian forces against Ukrainian civilians as “genocide” on Tuesday. But last week, the president denied that the attacks amounted to “genocide” and instead said the atrocities had escalated to “war crimes”. Genocide is a type of war crime under international law.