Remarks by President Biden on Gas Prices and Putin’s Price Hike

Good afternoon, everyone. I’d like to talk to you about the actions I’m announcing to bring down gas prices.

First, today I’m calling on Congress to suspend the federal gas tax for the next 90 days, through the busy summer season — busy travel season.

There are a number of other proposals by Democrats in the House and the Senate, and I hope my call for action can help move those proposals forward as well. But we can also cut gas prices even more in another way.

That’s why the second action I’m taking is calling on states to either suspend the state gas tax as well or find other ways to deliver some relief.

Third, I’m calling on the industry to refine more oil into gasoline and to bring down gas prices.

Finally, when the cost of oil does come down, we need the price at the gas stations — that they — what they charge at the pump — to come down as well.

So, let’s be honest with one another. My message is simple. To the companies running gas stations and setting those prices at the pump: This is a time of war, global peril, Ukraine. These are not normal times.

Bring down the price you are charging at the pump to reflect the cost you are paying for the product. Do it now. Do it today. Your customers, the American people, they need relief now.

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