The Biden administration’s senior energy official on Sunday blamed the Opec oil “cartel” for soaring petrol prices in the US, putting more pressure on the group to increase crude output ahead of a meeting later this week.
“Gas prices of course are based on a global oil market. That oil market is controlled by a cartel. That cartel is Opec,” said Jennifer Granholm, the US energy secretary, on NBC’s Meet the Press. “So that cartel has more say about what is going on.”
US petrol prices have risen almost 40 per cent since Joe Biden entered the White House, adding to anxieties about inflation. The federal Energy Information Administration recently forecast winter household heating bills would also surge this year.
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