White House meets oil industry over Hurricane Ian price-gouging concerns

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White House officials will meet Friday with oil executives to discuss Hurricane Ian and low gasoline inventories as President Joe Biden warns the industry not to price-gouge consumers.

By Jarrett Renshaw and Sabrina Valle

Retail gasoline prices have spiked after a series of unplanned outages at refineries and scheduled maintenance at other plants combined to tighten supply. "This small, temporary storm impact on oil production provides no excuse for price increases at the pump, none," he said.

 

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