Biden demands faster drop in gas prices as oil costs fall.
Gas prices skyrocketed to record highs last week after a spike in crude oil to levels unseen since 2008.
Prices at the gas pump are now going down, but only a penny or two at a time this week, despite Brent oil collapsing by 28% between a March 6 intraday peak to Tuesday’s close. Propelled by surging costs for gas, food and housing, consumer inflation jumped 7.9% over the past year.
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