Tough economic choices from 80s US dollar crunch

Oil is an internationally traded commodity subject to global price volatility and disruptive geopolitical events. PHOTO | POOL

If you ask President Biden of United States (US) what keeps him awake at night these days, he is likely to admit that it is not President Putin of Russia or the war in Ukraine that bothers him most, rather it is the ever-rising gasoline pump prices in the US which have become headline news.

Not a good scenario when US inflation is hitting a record 8.6 percent , and mid-term elections are coming in November.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.