Florida Governor Ron DeSantis announced on Monday that the state would act to provide $1 billion of gas tax relief amid inflation that causes oil price hikes.
Oil firms have announced another big-time price hike in the pump prices of gasoline starting Tuesday to mark the tenth straight week of increases, while those of diesel and kerosene will be rolled back.
DNA Explainer: Why are oil prices rising and its impact on economy and markets - The impact of fuel hikes is visible on the stock market with growing fears of inflation, impact on currency value and input costs to companies.