China News Service, June 23. According to a CNN report, on the 22nd local time, US President Biden called on Congress to pass legislation to provide a three-month federal tax holiday for gasoline and diesel to reduce oil prices. .

Data map: US President Biden.

Image source: Visual China

　　According to reports, Biden said in a speech at the White House, "We can lower oil prices and give American families a little bit of relief."

　　However, he also said that stopping the federal fuel tax alone won't solve the problem, but that the move will give American families "a little breathing room."

　　Biden also urged states to take action by suspending state fuel taxes and asking refiners to increase capacity.

　　Biden said the "wish list" could reduce the price of gasoline by $1 per gallon.

Exactly how much lower oil prices, however, depends on a series of steps that Biden has no control over, especially persuading a skeptical Congress to approve his plan, the report noted.

　　The report also said that U.S. House Speaker Nancy Pelosi was noncommittal. She did not commit to a vote on the gasoline tax holiday, but said she would see if both chambers of Congress support the proposal.

　　Currently, the U.S. federal gasoline tax is about 18 cents a gallon and the federal diesel tax is 24 cents a gallon.

　　Recently, U.S. oil prices have continued to be high. According to data from the American Automobile Association (AAA) on the 21st, the average oil price per gallon in the United States is $4.96, with higher prices in parts of the West Coast and Midwest.

　　Earlier on the 20th, Biden said he was considering establishing a gasoline tax holiday.

　　According to the Associated Press, the Biden administration is looking for ways to lower oil prices.

The Biden administration has already released large quantities of oil from the U.S. strategic stockpile and expanded the use of ethanol-blended gasoline.

In addition, the Biden administration has sent letters to energy companies urging them to increase refining capacity, but those efforts have yet to bring down prices significantly.