US Energy Chief to Hold Emergency Meeting with Oil Refiners Next Week

The meeting will “discuss steps companies can take to increase refining capacity and output and reduce gas prices in the near-term,” an Energy Department spokesperson said.

Jarrett Renshaw and Timothy Gardner, Reuters

U.S. Energy Secretary Jennifer Granholm called an emergency meeting with refining executives for next week, a department spokesperson said on June 16, as tensions between the Biden administration and Big Oil mount over soaring gasoline prices.

The planned talks come as President Joe Biden, under pressure over record gasoline prices with inflation a top issue for voters ahead of the hotly contested November elections, has demanded that oil refining companies explain why they are not putting more fuel on the market as they reap windfall profits.

The meeting will “discuss steps companies can take to increase refining capacity and output and reduce gas prices in the near-term,” an Energy Department spokesperson said late June 16. Sources said earlier that the meeting would take place June 23. The department did not immediately have the exact date.

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