Pres. Biden touted falling gas prices, robust new jobs numbers and a low unemployment rate.
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The average cost for gas peaked at $5.01 per gallon on June 14, according to AAA, and the price of crude oil fell below $100 per barrel this week for the first time since May 11. "But, if all of a sudden, the worries over the recession fade, we can see oil prices go right back up," De Haan said. The president also floated offering rebate cards to Americans in June, but the Washington Post reported a chip shortage would make it challenging to produce the cards.
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