Oil companies reap unprecedented profits as Americans struggle to pay for food and gas

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Soaring energy prices baked into delivery costs are driving up the cost of everything from apples to toilet paper.

, which resulted in less oil and gas on the market from Russia, as well as other global supply constraints, high prices could linger for some time.

Inflation is already changing where Americans go and what they eat. It's also changing the way they consume energy. "Given the long investment cycle times, growing supply will not happen overnight," said Woods in a conference call Friday.

 

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