Americans will hit the road this holiday weekend with the highest gasoline prices in seven years and the White House promising to monitor fuel costs. “The President knows that gas prices are a pain point for Americans," White House Press Secretary Jen Psaki said in a statement Friday. And it’s why we will continue to monitor prices, and are glad that Americans can get on the road again." Gasoline demand is roaring back close to levels seen before the pandemic as the world’s largest economy opens up and avid drivers take to the roads after a year of lockdowns and restrictions. “As Americans are hitting the road, they are paying less in real terms for gas than they have on average over the last 15 years," she said.

Source: Mint May 29, 2021 13:07 UTC