U.S. producers reluctant to drill more oil, despite sky-high gas prices – CBS News

Consumers battered by sky-high gasoline prices shouldn’t expect relief from the oil industry anytime soon.

The price of crude oil has been steadily rising since the start of last year. It hit $100 a barrel in March after Russia invaded Ukraine — the first time in 12 years it breached three digits.

Source: U.S. producers reluctant to drill more oil, despite sky-high gas prices – CBS News

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