View full page at energyexch.com

 

Biden warns oil industry against gas price gouging during Hurricane Ian. Here's what to know.

From usatoday.com

President Joe Biden warned oil and gas companies Wednesday not to use Hurricane Ian as an excuse to hike prices at the gas pump as the Category 4 storm storm barrels into Florida. "Do not – let me repeat – do not use this as an excuse to raise gasoline prices or gauge the American people," Biden said in a speech at the White House.Minor impact so far: Biden said only 190,000 barrels of oil in the Gulf of Mexico have been impacted so far by Hurricane Ian, accounting for just 2% of daily U.S. production. 'No excuse': Biden said the "small, temporary storm impact on oil production" should provide "no excuse" for ... (full story)

Story Stats

  • Posted:
  • Category: Fundamental Analysis