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1. www.politifact.com › article › 2021Why are oil prices so high? And what can be done about it?

   www.politifact.com › article › 2021

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   Nov 4, 2021 · (AP) By Louis Jacobson November 4, 2021. If Your Time is short. • President Joe Biden said higher gas prices were because OPEC and Russia aren’t increasing production sufficiently. Experts say...

2. www.forbes.com › sites › daneberhartWhy Are Oil Prices So High When The U.S. Remains One ... - Forbes

   www.forbes.com › sites › daneberhart

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   Nov 13, 2021 · Crude oil prices have climbed more than 60% this year amid strong demand and snarled supply chains, prompting President Joe Biden to pressure Saudi Arabia and other exporters to ramp up oil ...

   • Author: Dan Eberhart

3. Videos

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     7:28

     economicshelp.org

     Effect of Higher Oil Prices - Economics Help

     Nov 16, 2021

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     4:02

     youtube.com

     Surge in Oil Prices Could Drive Inflation Even Higher | WSJ

     Feb 24, 2022

     110.9K Views

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     investopedia.com

     What Determines Oil Prices?

     Dec 31, 2008

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4. www.cnn.com › 2024/04/08 › businessOil price surge is the No. 1 threat to the US economy, Moody ...

   www.cnn.com › 2024/04/08 › business

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   Apr 8, 2024 · US oil prices are rapidly approaching $90 a barrel. Global oil prices are flirting with $92 a barrel amid worries about a wider war in the Middle East. And this has lifted gasoline prices...

5. www.nytimes.com › business › economyWhy Are Oil Prices So High and Will They Stay That Way?

   www.nytimes.com › business › economy

   Feb 2, 2022 · What impact would higher oil prices have on the U.S. economy? A big jump in oil prices would push gasoline prices even higher, and that would hurt consumers.

6. www.npr.org › 2021/09/28 › 1041266531Oil Topped $80 Dollars Per Barrel — The Most It's Cost In ...

   www.npr.org › 2021/09/28 › 1041266531

   Sep 28, 2021 · Energy prices are going up — for things like coal, natural gas and crude oil. On Tuesday, global crude oil prices topped $80 a barrel for the first time in nearly three years.

   • Author: Camila Domonoske

7. www.reuters.com › business › energyHow high are oil prices really? | Reuters

   www.reuters.com › business › energy

   Oct 6, 2021 · However, examining the level of prices in all these time frames, the most conservative conclusion is that the level of real oil prices is currently average or moderately high.

8. People also ask

   How do high oil prices affect the economy?

   • And even if you're not just looking at gas prices, there are other ways that high oil prices affect the economy. They raise the prices of all kinds of things because we use oil to move so much stuff around, so high oil prices wind up being an inflationary pressure.

   Oil Topped $80 Dollars Per Barrel — The Most It's Cost In ... - NPR

   www.npr.org/2021/09/28/1041266531/oil-topped-80-dollars-per-barrel-the-most-its-cost-in-almost-3-years

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   Why are oil prices rising?

   • US oil prices are rapidly approaching $90 a barrel. Global oil prices are flirting with $92 a barrel amid worries about a wider war in the Middle East. And this has lifted gasoline prices to their highest levels in five months. The risk is oil prices keep climbing, hurting consumer spending and undoing the meaningful progress on inflation.

   Oil price surge is the No. 1 threat to the US economy, Moody’s ... - CNN

   www.cnn.com/2024/04/08/business/oil-price-surge-threat-us-economy/index.html

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   Are oil prices a threat to the US economy?

   • The US jobs market is on fire. Consumer spending is strong. And the economy is growing at a brisk pace. But there is a growing threat to that sunny economic backdrop: surging oil prices. US oil prices are rapidly approaching $90 a barrel. Global oil prices are flirting with $92 a barrel amid worries about a wider war in the Middle East.

   Oil price surge is the No. 1 threat to the US economy, Moody’s ... - CNN

   www.cnn.com/2024/04/08/business/oil-price-surge-threat-us-economy/index.html

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   Are real oil prices good or bad?

   • However, examining the level of prices in all these time frames, the most conservative conclusion is that the level of real oil prices is currently average or moderately high. Real prices are sending a signal to producers and consumers about the need for more output and more fuel conservation, but not yet a very strong one.

   How high are oil prices really? | Reuters

   www.reuters.com/business/energy/how-high-are-oil-prices-really-kemp-2021-10-05/

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9. www.cnn.com › 2022/06/03 › energy3 reasons high oil prices are here to stay - CNN

   www.cnn.com › 2022/06/03 › energy

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   Jun 3, 2022 · The EU embargo and a recovery in demand in the world’s second biggest economy will keep them high. Matt Smith, lead oil analyst for the Americas at Kpler, an analytics company, told CNN...