Transportation Secretary Pete Buttigieg speaks with 69 Information about funding for LANTA, skyrocketing gasoline prices

On the day the Biden administration introduced a ban on Russian power imports, Transportation Secretary Pete Buttigieg sat down with 69 Information as he introduced funding for LANTA. 

$12.5 million in funds from the American Rescue Plan is coming to LANTA to make up for pandemic losses. The secretary additionally talked concerning the infrastructure package deal and skyrocketing gasoline prices.

The Secretary can have a big function in implementing the brand new bi-partisan infrastructure package deal, with round $550 billion in new spending.

“We’ll ship out many of those {dollars} by system, in order that they go on to the transit companies to determine what they need to do. Similar as we do with the state with lots of freeway {dollars}, however we’re additionally going to have aggressive grant packages for transit authorities to come back with us with nice concepts,” Buttigieg mentioned.

Additionally on Tuesday, President Joe Biden introduced a ban on Russian oil and fuel within the U.S. In the meantime, People are already feeling the ache on the pump.

Secretary Buttigieg says the world wants to face united on Russian aggression.

“Now, the president has been very sincere with the American people who this does not come with no value. Any time you’ve gotten an oil producing nation in a warfare there may be going to be an influence on oil markets and we’re all feeling that once we go to the pump,” Buttigieg mentioned.

The European Union has but to observe go well with.

“By way of what we’re doing with our European allies and companions, we’re seeing the UK shifting on this course and we’ll proceed to see different steps which can be coordinated,” Buttigieg mentioned.

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By way of fuel costs, the secretary additionally identified the administration is releasing strategic reserves and rising manufacturing to assist stability value spikes. The secretary was not clear on whether or not or not changing Russian oil with oil from locations like Venezuela and Iran was nonetheless on the desk.