Petrol prices in the United States have topped five dollars a gallon for the first time ever, as global oil prices continue to soar amid the war in Ukraine
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Car club AAA said while the average price on Saturday was $5, motorists in some parts of the country, especially California, are paying far above that.Joe Biden accused the US oil industry, and Exxon Mobil Corp in particular, of capitalising on a supply shortage to fatten profits.AdvertisementExxon pushed back at the comments, saying it has continued to increase its US oil, gasoline and diesel production, and had borrowed heavily to increase output while suffering losses in 2020.
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