Industry Insiders on Real Story Behind High Gas Prices: Structural Problems, Hostile Policies, and Inaction

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High gas prices in America are caused by a mismatch between U.S. oil production and refining, bad policies or political hostility, and the Biden administration’s inaction, according to experts and oil industry insiders.

Inflation in the United States has been running high since March when the yearly Consumer Price Index (CPI) reached 8.5 percent, the highest level since 1981.

A dramatic increase in energy prices has drawn special attention.

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