Big Oil profits aren’t driving gas prices, experts say, despite Biden’s ‘price gouging’ accusations

📆 7/6/2022 5:15 AM
📰 WashTimes

⏱ Reading Time:
1 sec. here
2 min. at publisher
📊 Quality Score:
News: 4%
Publisher: 63%

Energy Energy Headlines News

Energy Energy Latest News,Energy Energy Headlines

Big Oil has been the go-to boogeyman for President Biden and Democrats over alleged “price gouging,” with “Putin’s price hike” a close runner-up. But profits made by the oil industry — while at record levels — ebb and flow with global energy markets, not because the firms are manipulating costs, according to market analysts.

Write Comment

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Energy Energy Latest News, Energy Energy Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Canada-Newfoundland oil regulator charges Exxon-owned Hibernia for 2019 oil spillA Canadian oil regulator on Tuesday said it has charged Hibernia, an offshore oil company owned by Exxon Mobil Corp , Chevron Corp and Suncor Energy , over a 2019 oil spill.
Source: ReutersScience - 🏆 559. / 51 Read more »