Taking A Flight Soon? Prepare To Pay More As Oil Prices Rise

President Joe Biden has just signed the $1.2 trillion bipartisan infrastructure bill into law at the White House, with attention now shifting to the multi-trillion dollar economic bill that will expand the nation's social safety net. The Biden administration has lately sought to soothe fears that runaway inflation could hurt the U.S. recovery and undermine his multi-trillion spending plans after inflation hit a 31-year high in October with consumer prices increasing at a torrid 6.2% Y/Y clip. Amongst the commodities seeing the biggest price increases…