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Oil refineries an easy but strange target for a pump price hike

Gasoline prices are at record highs and spectacular refinery profits are putting them in the hot seat. They’re an obvious but strange target.

The White House confirmed in a briefing on Tuesday that oil companies and refinery executives will meet with the energy secretary Jennifer Granholm on Thursday to discuss ways to cut costs for energy consumers. Last week, President Biden sent a letter to oil refinery executives, accusing them of making profits at the expense of consumers and urging them to expand their capacity.

https://www.wsj.com/articles/oil-refiners-an-easy-but-odd-target-for-pump-price-surge-11655982180?mod=rss_markets_main Oil refineries an easy but strange target for a pump price hike

Luke Plunkett

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