High Oil Prices Drive Up Pump Costs; Biden Administration Halts Emergency Reserves Refill

The recent surge in oil prices is causing a ripple effect at the gas pump, with consumers feeling the pinch as fuel costs climb. In Washington, DC, rising oil costs are not only impacting consumers but also influencing the nation's emergency oil reserves, leading to significant decisions from the Biden administration.

U.S. crude oil prices soared to $85 per barrel this week, driven by escalating tensions in the Middle East and the ongoing conflict in Ukraine. This surge has translated into an average increase of 20 cents per gallon of gasoline over the past month, bringing the national. . .