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How Joe Biden is fighting rising fuel prices
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Expensive gasoline is not a problem with this car: Joe Biden on a test drive with a Hummer from General Motors Factory ZERO, an electric vehicle factory.
(Photo: Evan Vucci / AP / dpa)
The US President is trying with all means to stop the rise in gasoline prices in the US – so far without success. Now, of all things, the corona virus comes to the rescue of Joe Biden.
By Viktor Gojdka, Frankfurt, and
Claus Hulverscheidt, Berlin
Sometimes, very rarely of course, such a new Corona mutant can also be a political godsend. Officially, Joe Biden is of course alien to this kind of cynicism, but secretly the thought may have flashed through him that the Omikron variant would come at exactly the right time. Every extension of the pandemic harbors dangers for economic development. Above all, however, the new virus version has in the past few days caused exactly the crash in the price of crude oil that the US president had longed for but had not yet brought about. On Friday, a barrel, i.e. 159 liters, of the WTI variety cost just under 68 dollars at times, 14 percent less than a week ago. Compared to the annual high, the decrease was almost 20 percent.
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