Major US oil companies are set to meet with US Secretary of Energy Jennifer Granholm. including other officials on President Joe’s task force. Biden on Thursday (June 23) U.S. time in an emergency meeting to seek ways to reduce record fuel prices. impact on American consumers. The CEOs of seven oil and refinery companies – Marathon Petroleum, Valero Energy, ExxonMobil, Phillips 66, Chevron, BP and Shell – were to meet with the U.S. Energy Secretary on Monday. on June 23 local time to find solutions to the highest oil price in 40 years
White House spokesman Karine Jean-Pierre confirmed the talks will be a meeting between US Energy Secretary Jennifer Granholm. and executives from seven companies that President Biden Calls to increase production of both gasoline and diesel to solve the problem of domestic oil prices will come on June 23 local time.
Previously, President Joe Biden has urged Congress to suspend the federal tax on gasoline for 90 days, as Americans dissatisfied with soaring domestic oil prices.
The talks come amid tensions between President Joe Biden and Big Oil, as he has criticized the company’s CEOs in recent weeks. come say These companies took advantage of huge profits from the supply crunch hit by the war in Ukraine.
The American Automobile Association (AAA) reported that the nationwide average price for conventional gasoline was $4.955 a gallon on Wednesday (June 22), 37 cents more than a month ago and $1.89 compared to the previous year. Major refineries have cut production during the lockdown amid the devastating coronavirus pandemic, but energy demand has recovered after the pandemic and the global energy crisis. When Western countries impose sanctions on oil imports from Russia, they drive higher oil prices.
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