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© Reuters. FILE PHOTO: A sticker reads crude oil on the side of a storage tank in the Permian Basin in Mentone, Loving County, Texas, US November 22,
President Joe Biden will call on Congress to suspend federal gas and diesel taxes for three months. The gas tax holiday is meant to ease financial pressures at the pump.
In a pointed back and forth, the head of Chevron complained Tuesday that President Joe Biden has vilified energy firms at a time when gasoline prices are at near record levels and the president responded that the oil company CEO was being “mildly sensitive.”
President Joe Biden is no fan of oil companies, and his sarcasm was on full display Tuesday, when a reporter asked the president about a letter the Chevron CEO wrote to Biden.
The move is meant to help consumers at a time of sky-high inflation and gas prices — and to help the president's sagging political standing. But it's already being met with skepticism.