NEW: White House to call on OPEC to boost oil production in an effort to combat climbing gasoline prices, amid concerns that rising inflation could derail the economic recovery from Covid-19.
David Paul Morris / Bloomberg via Getty Images fileThe White House will call on OPEC and its oil-producing allies to boost production in an effort to combat climbing gasoline prices, amidBiden administration officials spoke with representatives from the Organization of the Petroleum Exporting Countries this week, as well as with representatives of OPEC+ members.
Gas prices have climbed this year as demand for petroleum products returns. The national average for a gallon of gas stood at $3.186 on Tuesday, according to AAA, up from $3.143 a month ago. Over the last year, prices are up by just over $1. “He’d like his administration to use whatever tools that it has to help address the cost of gas, to help bring those prices down.”
U.S. producers also turned off the taps during the depths of the pandemic, and they’ve been slow to bring production back online. According to the latest data from the Energy Information Administration, U.S. production averaged 11.2 million bpd in May, down from the pre-pandemic high above 13 million.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
White House Urges OPEC to Boost Oil Output Amid Covid-19 Economic RecoveryNational security adviser Jake Sullivan said in a statement that recent planned production increases by OPEC would “not fully offset previous production cuts.”
Read more »
The White Lotus Considers White MenWho feels bad for privileged white men? No one, but maybe they should, according to the HBO show's privileged white men
Read more »
White House escalates battle with Republican governors over masking in schoolsThe Biden administration said Tuesday that school districts across the nation should follow federal masking guidelines, even if that means resisting Republican governors who have enacted measures prohibiting districts from establishing mask mandates.
Read more »
Comedian Benny Drama Brings His “Gen Z Intern” to the White HouseClad in a Thom Browne seersucker shorts suit, Kooper reports for duty at the White House.
Read more »
Jack White Combines Anglophilia With Vinyl-philia as Third Man Records Prepares to Open London ShopJack White III has a thing for things that come in threes, so it perhaps follows that there would be a third Third Man Records location. The surprise, perhaps, is that he hasn’t augmented the…
Read more »
HBO’s ‘The White Lotus’ Renewed for Season 2 With New Cast, LocationThe satirical limited series from creator Mike White will also feature a new location when it returns for its sophomore season.
Read more »