Gasoline prices are dropping back toward the $4 a gallon mark, their lowest point in more than five months.
Prices at the pump are likely to be a major issue heading into the mid-term elections in November.
Biden said over the weekend that a family with two cars is saving $100 a month because prices have dropped from their peak in mid-June.Biden has also sparred with oil companies, accusing them of not producing as much oil and gasoline as they could while posting huge profits. “Exxon made more money than God this year,” he said in June.
Exxon said it has increased oil production. The CEO of Chevron said Biden was trying to vilify his industry.
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