![Why Biden Can’t Put A Cap On Oil Prices](https://cdn.energydais.com/media/images/news/2022-01-21_5fwzm7j3oc.jpg)
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Oil prices hit the highest levels since October 2014 this week, prompting renewed pledges from the U.S. Administration to do what it can to relieve prices at the pump for Americans. Oil traded even higher this week than it did in November 2021. Back then,