President Biden warned oil and gas companies Wednesday not to use Hurricane Ian as an"excuse" to raise gas prices.
Granholm sent a letter to U.S. refining companies in August, instructing them to "focus in the near term on building inventories inStorage tanks are seen at Marathon Petroleum's Los Angeles Refinery, which processes domestic & imported crude oil into California Air Resources Board , gasoline, diesel fuel, and other petroleum products, in Carson, California, U.S., March
"Oil and gas companies are still making record profits, billions of dollars in profits," Biden said at a meeting with the White House Competition Council last month. and setting those prices at the pump: Bring down prices you’re charging at the pump to reflect the price you’re paying for the product. Do it now." CLICK HERE TO READ MORE ON FOX BUSINESS