
As U.S. president Joe Biden faces pressure over rising gasoline prices, he demanded oil companies explain why more gasoline is not in the market.
Biden wrote to executives from Marathon Petroleum Corp (NYSE:MPC), Valero Energy Corporation (NYSE:VLO), and Exxon Mobil Corp (NYSE:XOM) and complained that they had reduced oil refining to beef up their profits, according to a copy of the letter seen by Reuters.