“In the United States, as the presidential election and summer driving season approach, the Biden administration is striving to stabilize fuel prices to ensure the country’s economic stability. White House economic adviser Lael Brainard emphasized the administration’s commitment to maintaining fuel prices within the current range in a statement on Thursday, without detailing how this would be achieved. In the past, measures have been taken to preserve fuel prices, including pressuring OPEC/OPEC+ to increase crude oil production and selling hundreds of millions of barrels of oil from the national Strategic Petroleum Reserves. With summer approaching, fuel prices traditionally rise due to increased travel and transportation demand. Concerns about potential price spikes before this year’s presidential election have prompted the administration to proactively address the issue. Brainard’s remarks underscore the administration’s recognition of the importance of affordable fuel for American consumers and businesses, especially in an election year. Focusing on stabilizing fuel prices, the administration is making broader efforts to support economic recovery and reduce inflationary pressures. Maintaining affordable fuel prices is crucial for sustaining consumer purchasing power and strengthening business operations.”