(+) Pain at the petrol stations

Pain at US petrol stations is a cause for concern ahead of next year’s presidential election for President Joe Biden. Pump prices tend to weigh heavy in voter perceptions of the US economy, and with crude oil prices inching higher in a tightening oil market, the prices at petrol stations will continue to climb. In light of the fuel price inflation, President Biden has been on the receiving end of massive critic from his Republican opponents who blame the White House for prioritizing climate policy over domestic oil output.