Biden tells oil refiners to produce more gas, criticises profiteering
President Joe Biden on Wednesday called on US oil refiners to produce more gasoline and diesel, saying their profits have tripled during a time of war between Russia and Ukraine as Americans struggle with record high prices at the pump.
The crunch that families are facing deserves immediate action, Biden wrote in the draft of a letter to oil refiners obtained by The Associated Press. Your companies need to work with my Administration to bring forward concrete, near-term solutions that address the crisis.
Gas prices nationwide are averaging roughly $5 a gallon, an economic burden for many Americans and a political threat for the president’s fellow Democrats going into the midterm elections.
