Major fuel: A man works at a Chevron petrol station in Los Angeles. Fuel demand has remained robust despite record-high gasoline prices. — AFP
WASHINGTON: US President Joe Biden, under pressure over sky-high gasoline prices, demanded oil refining companies explain why they are not putting more fuel on the market as they reap windfall profits.
Biden wrote to executives from Marathon Petroleum Corp, Valero Energy Corp and Exxon Mobil Corp, and complained they had cut back on oil refining to pad profits, according to a copy of the letter seen by Reuters.
Already a subscriber? Log in.
Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
