Although gasoline prices have moderated slightly, President Joe Biden and Democratic leaders continue to level their usual attacks on the nation's oil companies. They're blaming corporate "greed" for the nearly $5-a-gallon prices that drivers must endure nationally, and proposing a host of predictable government "solutions."
In a letter to oil companies last month, Biden blamed Russian despot Vladimir Putin's war on Ukraine for drying up crude oil supplies, but also said pump prices are "the result of the historically high profit margins for refining oil into gasoline, diesel, and other refined products." He instructed Energy Secretary Jennifer Granholm to convene an emergency meeting with oil executives to demand an explanation.
