Biden Calls for Gas Prices , To Decrease As Oil Drops.<br />CNN reports that President Joe Biden <br />called out fuel companies for dragging their feet on changing gas prices as the cost of a barrel of oil has fallen. .<br />CNN reports that President Joe Biden <br />called out fuel companies for dragging their feet on changing gas prices as the cost of a barrel of oil has fallen. .<br />Oil prices are decreasing, gas prices should too. , President Joe Biden, via Twitter.<br />Last time oil was $96 a barrel, gas was $3.62 a gallon. Now it's $4.31. , President Joe Biden, via Twitter.<br />Last time oil was $96 a barrel, gas was $3.62 a gallon. Now it's $4.31. , President Joe Biden, via Twitter.<br />Oil and gas companies shouldn't pad their profits at the expense of hardworking Americans. , President Joe Biden, via Twitter.<br />According to AAA, prices have dropped, <br />but hardly by a noticeable amount.<br />As of March 16, the average price of a gallon of gas in the United States stood at $4.31, reflecting a price drop of two cents since the beginning of the week.<br />Critics say the increased price of fuel will have real economic consequences.<br />Per Moody's Analytics, each increase <br />of 10 cents in the price of gasoline costs consumers $11 billion over one year.<br />Per Moody's Analytics, each increase <br />of 10 cents in the price of gasoline costs consumers $11 billion over one year.<br />If prices remain as high as they are currently, <br />Americans will spend an average <br />of an additional $1,300 on gas annually. .<br />If prices remain as high as they are currently, <br />Americans will spend an average <br />of an additional $1,300 on gas annually.
