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The White House oil meeting with major American oil companies regarding increasing refining capacity and lowering fuel prices comes amid rising gasoline and diesel prices caused by disruptions in oil supplies due to the war with Iran and attacks on Russian refineries. In August, gasoline prices surpassed $4 per gallon, leading to a $725 increase in average American family expenses over recent months. The U.S. administration faces challenges in reducing prices due to high refinery utilization rates, declining seasonal inventories, and the potential worsening of circumstances caused by hurricanes.
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