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The Democratic president also called on states to suspend their own gas taxes or provide similar relief, and he delivered a public critique of the energy industry for prioritizing profits over production. It would take action by lawmakers in Washington and in statehouses across the country to actual
President Joe Biden on Wednesday called on Congress to suspend federal gasoline and diesel fuel taxes for three months -- a move meant to ease financial pressure on motorists.
Groups representing the oil industry and refiners say a meeting with Energy Secretary Jennifer Granholm was productive and should send a signal to markets that the United States is committed to long-term investments in the oil and refining industry
With Americans facing high gas prices, President Joe Biden is placing the blame on oil companies for not increasing production.
WASHINGTON (AP) — An oil industry meeting with Energy Secretary Jennifer Granholm to lower gas prices and boost domestic oil supplies was constructive, but did not produce a major breakthrough, administration and industry officials said Thursday.