Biden called for the abolition of the US fuel tax for three months due to “Putin’s price hike”

US President Joe Biden has urged Congress to suspend the nation's federal fuel tax for three months due to skyrocketing gasoline prices.

The head of state also asked the states to cancel their fuel taxes and provide any other additional support to the Americans.

The White House press release says that the price of gasoline in the country has risen by almost 40% and reached about five dollars per gallon (3.785 liters). The US authorities connect what is happening with the war in Ukraine and call it "Putin's price hike."

• In May, inflation in the United States reached its highest level since December 1981 and amounted to 8.6% in annual terms. In the Eurozone, inflation reached 8.1%. The main reasons for the acceleration of inflation are increased energy prices.
• Earlier, the US President announced a decision to release one million barrels of fuel per day from the Strategic Petroleum Reserve in order to stop rising prices. He also attracted international partners, with whom 240 million barrels of oil were sent to the market. In addition, the presidential administration is working with oil refiners to develop measures to increase the productivity of enterprises.