The Biden administration is reeling from gasoline prices that crested to $5 per gallon in June and are still historically high. So are millions of drivers.
But relief may be on the way. During a briefing for reporters on July 12, senior White House officials said a drop in wholesale gas prices suggests retail prices could drop by 50 cents per gallon or so in coming weeks.
“We’ve seen the price of oil fall to a range of $100 per barrel, and we have not yet seen gas prices at the pump fall…
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