FIRST ON FOX: The pressure that the coronavirus pandemic put on small business, coupled with the historic inflation and spiking gas prices as the Russia-Ukraine war wages and relative inaction by the Biden administration, is creating a rapidly deteriorating situation for small business owners and operators.
Gas prices have reached historic levels amid soaring inflation in the wake of the pandemic and Russia's war on Ukraine. In an effort to combat soaring gas prices, the Bidenadministration has already released tens of millions of barrels of oil from the Strategic Petroleum Reserve, but it has not been enough to have an impact. Meanwhile, the administration's ban on Russian energy imports further tightened supply.
Some of the hardest hit have been small business across the U.S., who told Fox News Digital that they are struggling to keep their doors open and are demanding the Biden administration take immediate action to help them.