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Biden officials keep close eye on surging oil prices as inflation ticks up
Top White House officials are keeping a close watch on soaring fuel costs, with regular discussions to explore domestic and international options to lower prices, according to administration officials. Why it matters: The price of crude oil crossed $90 per barrel on Thursday, its highest level since November 2022. Biden's political advisers know that there's a direct correlation between high energy prices and low presidential approval ratings. The harsh reality — for all presidents — is that they get blamed for high gas prices but receive little credit if and when they come down. While there are some tools to ... (full story)