Despite the White House’s public pledge that the worst inflation since the Carter era has peaked, oil has once again hit $120 per barrel, and gas prices have now fully doubled since the start of Joe Biden’s presidency. Given his administration’s continued refusal to assuage the (justified) fears of domestic oil producers, Biden is reportedly weighing a trip to Saudi Arabia to beg Crown Prince Mohammed bin Salman to bail the president out of his current cost crisis.
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