Stay updated with breaking news from Dan Dicker. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
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.
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.
President Biden reignited his attacks on energy companies Wednesday by demanding they boost refined oil output, but industry leaders said his bombastic rhetoric only exacerbates America's refining capacity woes that have inflated gasoline prices.
President Biden reignited his attacks on energy companies Wednesday by demanding they boost refined oil output, but industry leaders said his bombastic rhetoric only exacerbates America's refining capacity woes that have inflated gasoline prices.
No predictions are certain, but drivers should expect prices to stay high in the coming months.