Bernie Sanders claims that the high costs of gasoline have to do with “speculation and corporate greed”

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The Vermont senator has made a series of criticisms of the large oil corporations for the prices that are being given in the market.

Photo: Jemal Countess/Getty Images

Senator Bernie Sanders asserted that the increase in gasoline prices is not a consequence of inflation, but of corporate speculation and the greed of companies so that fuel costs are too high.

Sanders expressed through his Twitter account that gasoline prices are at the highest level in 7 years. He indicated that thanks to this big companies made handsome profits for the hikes.

The independent lawmaker was quick to say that energy companies like Exxon Mobil, Chevron, Shell & BP made nearly $25 billion in profits last quarter.

The independent senator’s statements make sense, since gasoline prices have already risen almost 40% compared to the same period last year.

According to the American Automobile Association (AAA), throughout the past week, fuel prices rose four cents on the dollar, representing an average price of nearly $3.50 per gallon nationwide.

AAA said some states have faced even higher increases, with some drivers in New Mexico paying up to 18 cents more at the pump in the past week.

Perhaps, one of the states in the country that has had to battle with the continuous rises in gasoline is California. Just last Saturday, in Los Angeles County, the price rose 4 tenths of a cent and stood at $4,754 dollars per gallon. Price that is above the national average.

The disparity in prices and their clear upward trend throughout the United States has led some Democratic senators to propose temporarily eliminating the federal tax on gasoline to try to level out the increases that are taking place.

Mark Kelly and Maggie Hassan are the legislators who promote the measure, which if approved, would apply for the rest of the year, valid until January 1, 2023. The tax represents 18.4 cents per gallon since 1993. The proposal It has already been signed by four other Democrats and is expected to be echoed throughout the caucus.

“People are feeling real pressure on everyday goods, and we must do more to help address rising costsparticularly the price of gasoline,” Hassan said in a statement.

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