US says gasoline prices still too high



(Reuters) – The Obama administration said on Monday gasoline prices were still too high despite a decline at the pumps and that the government is in talks with international partners about high energy costs.

Rising fuel costs have stirred economic concerns and become a central theme in the U.S. presidential election race this year, prompting the administration to consider several options, including releasing emergency oil reserves, to tamp down prices.

Gasoline prices have dipped for three consecutive weeks, however, easing concerns that U.S. motorists could face $5 a gallon during the summer.

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About smartspending5

I am business-minded college student who has a heart for helping others attain emotional independence and psychological stability. My background lies in Broadcasting, network marketing, and Human Services. I believe that crises and extreme stress is necessary for one to grow and figure out what matters in life (Tony Robbins). This keeps me going when frustrations arise in my business. View all posts by smartspending5

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