The skyrocketing price of oil has President Biden facing a quandary: He'll be unable to respond to calls to ban Russian imports without risking even higher prices at the pump.
President Biden is caught between conflicting demands that he tame rising consumer prices while banning Russian oil imports to punish Moscow forPolitical opponents have hammered the Biden administration for months over inflation levels that have reached
40-year highs, driven by surging demand, supply chain constraints and labor shortages. But rising energy costs are also among the biggest contributors to higher consumer prices, with oil, gas and other commodity prices soaring to the highest levels in years.
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