Inflation in the U.S. rose in October by 6.2% and is running at its fastest annual rate since 1990. Surging prices threaten to undermine the economic recovery and are already exacting a hefty political toll on President Joe Biden and his Democratic party.

Biden has placed the blame squarely on rising fuel prices.

“The largest share of the increase in prices in this report is due to rising energy costs,” the president said of the new figures. “Inflation hurts Americans’ pocketbooks and reversing this trend is a top priority.”

However, Biden does not have a lot of tools at his disposal to make prices fall at the pump.

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