The AAA Car Club said that while the average price on Saturday was $ 5, motorists in some parts of the country, especially in California, pay much more than that. However, the $ 5,004 (,0 4.06) mark remains significantly lower than in the United Kingdom where the cost of a US gallon (approximately 3.8 liters) is 93 6.93. President Joe Biden has accused the US oil industry, and in particular Exxon Mobil Corp., of capitalizing on a lack of supply to boost profits. “Exxon has made more money than God this year,” Biden told reporters in the Los Angeles port. “Why don’t they drill? Because they make more money without producing more oil,” he added. Exxon denied the allegations, saying it had continued to increase oil, gasoline and diesel production in the United States and that it had borrowed heavily to increase production while it had losses in 2020. The news comes as US data on Friday showed that consumer prices had risen 8.6% in May from a year earlier – the highest inflation in 40 years. The cost of gas, food and other necessities has risen in recent months. The Labor Department report showed that the US Consumer Price Index (CPI) accelerated to 1% in May from 0.3% in April, while on an annual basis it increased by 8.6% as gasoline prices reached a record high and the cost of services increased further. Use the Chrome browser for a more accessible video player 2:51 100 £ to fill the family car Drivers around the world are feeling the brunt of the spike in fuel prices following the Russian invasion of Ukraine. Moscow has been hit by record sanctions, including a partial ban on Russian oil imports to the European Union. Protests over fuel prices in Poland are scheduled for the weekend, with motorists blocking gas stations, local media reported. In Guinea, meanwhile, a man was killed in the capital during protests over rising fuel prices last week. People blocked roads and put on tires to protest the 20% increase in the price of gasoline.
