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Introducing Behind the Money: Night School

FT News Briefing

The Biden Administration's Political Decision to Get Gas Prices Down

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The price of gas in the U.S. went to, in some places, over $5 a gallon last year. But now we've seen since that peak, it's actually come downQuite a bit, dropped the H1 average by about $1.5. A lot of things happened in probably about six months. It was a political decision by the Biden administration really to get these prices down because it was conscious of just how significant for American voters the gasoline price is.

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