Crude oil prices have reached $77 and are surging for three consecutive days as the White House is scrambling to protect the markets. The surge in gas prices is now being felt across the US as it topped $3 per gallon. The spike comes for the first time since November and is now more expensive than it was a year ago.

A rise in oil prices affects several sectors of the US market as the distribution of goods becomes expensive. Food items, clothing, and day-to-day essentials will soon see a spike in price. Uber and other ride-hailing apps are now responding to the surge and are scheduled to implement measures to support drivers.

The measures will most likely put the burden on the customers by increasing the fares. Only a few firms are likely to absorb the price rise and maintain stiff competition. The US Secretary of State Marco Rubio said that the White House has a combat plan to control the rising oil prices.

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White House’s Plan To Combat the Rising Oil Prices

Marco Rubio issued a press release citing that the White House has a concrete plan to combat the surge in oil price. “We knew that going in would be a factor. And so we have a program in place that will begin to be implemented by Secretary Wright, Secretary Bessent,” Rubio said, referring to Energy Secretary Chris Wright and Treasury Secretary Scott Bessent.

“And starting tomorrow, you will see us rolling out those phases to try to mitigate against that,” Secretary Rubio added. However, Rubio did not disclose what the plans of the White House are to combat the oil prices.

“But there is a plan in place. We anticipated this could be an issue. And Secretary Wright and Bessent will begin to roll out those steps starting tomorrow to mitigate – to mitigate – against the impact that could have,” on oil prices.