Biden Urges Oil Companies To Increase Production As Prices Soar
President Joe Biden called on oil companies to produce more gasoline and diesel, saying their profits have tripled since the start of the Ukraine-Russia war while Americans face higher gas prices. In a letter directed to seven oil refineries, Biden called on the companies to take action to lower the cost at the pump. “The crunch that families are facing deserves immediate action,” Biden wrote. “Your companies need to work with my Administration to bring forward concrete, near-term solutions that address the crisis.” Gas prices nationwide are averaging five dollars a gallon and Democrats worry ...