American President Joe Biden has declared that oil prices are falling in international markets.

The first American state declared that the Russian president, Vladimir Putin, is waging war in Ukraine.

It's putting pressure on global oil supplies, but households can't feel it.

“But we stepped up to release a million barrels of oil a day from our reserve and rallied our global partners to release from theirs.

Now the prices are at a record low," said the 79-year-old.

We recall that the president visited the Arab countries weeks ago and asked them to increase the supply of fuel.

Otherwise, oil prices continued to fall on Thursday, dipping below $90 a barrel for the first time since the start of the war in Ukraine, as worries about a slowing global economy unsettled investors.

Just two months ago, oil prices topped $120 a barrel, helping push the national average gasoline price up to about $5 a gallon.