You probably don’t need a news report to tell you that gasoline prices have been surging. Prices are at a seven-year high, up more than a dollar from a year ago.

Rising energy costs, including gasoline as well as natural gas and coal, are a major driver of high inflation. That’s putting pressure on household budgets and creating a major political problem for the Biden administration.

The president recently said that addressing inflation “is a top priority for me,” and his administration has repeatedly alluded to the possibility of some sort of action to push gasoline prices down.


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