Biden Tells Oil Refinery Companies It's Unfair to Pass Gas Costs Onto Americans

partially on Vladimir Putin’s war against Ukraine, saying that it has disrupted the global supply of oil, making it harder to refine more oil into gas. But the president also said that refinery companies played a role in raising prices at the pump.

He noted that gas and diesel prices are significantly higher now than they were three months ago, in spite of the price of oil staying relatively the same. The high increases were “the result of the historically high profit margins for refining oil into gasoline, diesel and other refined products,” Biden said.

Biden’s letter to oil refinery companies didn’t reference any of the numerous solutions that progressives have called for. Sen. Bernie Sanders and other climate advocates, for example,, to discourage them from imposing artificially inflated prices on consumers.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Biden Tells Oil Companies in Letter ‘Well Above Normal' Refinery Profit Margins Are ‘Not Acceptable'This is breaking news. Please check back for updates. President Joe Biden on Wednesday called on U.S. oil refining companies to produce more, saying they need to help alleviate the burden of high prices on consumers. “At a time of war – historically high refinery profit margins being passed directly onto American families are not acceptable,” the president said in… And they all laughed..... Your making too much money and giving me none! Is what he really saying!! Burisma!!!
Source: nbcchicago - 🏆 545. / 51 Read more »