• Mon. Feb 6th, 2023


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Are oil and gas companies price gouging consumers at the pump? – USA TODAY

  • Gasoline prices near new all-time highs.
  • Are gas stations price gouging?
  • Analysts say not but oil companies need to be careful what they say about supplies and production.

With gasoline prices poised to reach a new all-time high within days, President Joe Biden recently issued a stern warning to the nation’s oil producers and gas retailers.

“American oil and gas companies should not – should not exploit this moment to hike their prices to raise profits,” Biden said in a speech.