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Oil prices are at their highest level in more than a year, a fact that doesn’t bode well for the inflation situation and could complicate the Federal Reserve’s plans.

United statesSaudi arabiaJoe bidenMark hamrickBob mcnallyRapidan energy groupFederal reserveGoldman sachsTexas intermediateWashington examinerPresident joeCost of gasFed rate hikesGas pricesGas prices inflationInflation and energy