Americans are paying the most expensive Labor Day weekend gasoline prices since 2014 amid constrained stock levels and high benchmark crude oil prices. The end of the U.S. driving season comes just a few days after OPEC+ ignored the Biden Administration’s call for higher-than-planned increases in the alliance’s oil production in order to ease high gasoline prices and continue supporting the economic recovery. “President Biden has made clear that he wants Americans to have access to affordable and reliable energy, including at the pump,” National Security Advisor Jake Sullivan said last month, noting that the OPEC+ plan to ease the cuts by 400,000 bpd each month “is simply not enough.” OPEC+, however, signaled this week that the planned monthly increases are just enough to meet the accelerating recovery despite concerns about COVID variants surging in many economies. One of the shortest—and most uneventful—meetings of the group in recent months […]