Oil prices have hit 7-year highs and are showing no signs of slowing. Gas prices have an outsized impact on the consumer psyche. The Biden Administration has declared that it will be using “all tools on the table” to tame oil and gas prices. This crude bull is showing no signs of slowing down, with oil prices at 7-year highs. Brent prices crossed $85/barrel in Monday trading, with WTI flirting with $84/barrel. Inevitably, gas prices have skyrocketed, with the national average gas prices currently sitting at $3.387 per gallon, nearly 60% higher than prices 12 months ago. Motorists are feeling real pain at the pump, with ” Why are gas prices going up? ” and “When are gas prices going down?” now trending on Google. It’s a well-known fact that gas prices have an outsized impact on the consumer psyche, something that’s not lost on the Biden administration as […]