Biden political gamble on Saudi trip unlikely to drive down gas prices

President Biden is using key political capital on a risky gamble – that meeting with condemned Saudi Crown Prince Mohammed bin Salman will convince the Kingdom to stabilize global oil markets and ease prices for Americans at the gas pump.  

But experts say it’s not guaranteed that the trip will produce lower gasoline prices and the political cost may be far greater for the president. 

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Posted on June 16, 2022 and filed under Joe Biden, Oil and Gas.