Biden Tells Oil Refiners: Produce More Gas, Fewer Profits

Photo by Gage Skidmore

WASHINGTON (AP) – President Joe Biden is calling on U.S. oil refiners to produce more gasoline and diesel.

In a draft letter to refiners, Biden says their profits have tripled during a time of war between Russia and Ukraine as Americans struggle with record high prices at the pump. Biden writes that the oil companies need to work with his administration to bring forward “near-term solutions that address the crisis.”

Gas prices nationwide are averaging roughly $5 a gallon. That’s an economic burden for many Americans and a political threat for the president’s fellow Democrats going into the midterm elections.

Biden’s message that corporate greed is contributing to higher prices might resonate with voters.

By Josh Boak, Associated Press

About Brendan Fitzpatrick

Brendan, a recent graduate from the University of Massachusetts Amherst, is one of the newest members of the NewsCenter team. When not on the beat, you'll probably find him watching Boston sports.
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