“I am asking Congress to suspend the federal fuel tax for 90 days,” Biden said.
He also urged US refiners to ramp up gasoline production to lower domestic prices.
Earlier, the president of the US Oil and Gas Association, Tim Stewart, announced the worst energy crisis in the country in half a century.
Annual inflation in the country in May accelerated to 8.6%, the highest since December 1981.
Biden accused Russian leader Vladimir Putin of rising fuel prices and rising food prices.
As Putin himself noted, the sanctions and the West's long-term mistakes in the economy caused a wave of global inflation.
In particular, in less than two years, from February 2020 to the end of 2021, the money supply in the United States grew by $5.9 trillion, the head of state recalled.