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Biden and the Oil Industry Are at Odds, Clouding Effort to Tame Gasoline Prices
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wsj.comA tense relationship between the Biden administration and the oil industry is clouding the prospects for a unified response to the growing threat of energy shortages and surging gasoline prices in the wake of the crisis in Ukraine.
President Biden stoked the tensions on Tuesday while announcing a U.S. ban on Russian oil imports, designed to punish Moscow for its invasion of Ukraine and bombing civilians. In a televised address, Mr. Biden asked the nation to brace for higher gas prices, which hit a national average of $4.252 a gallon on Wednesday.
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