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Oil refiners an easy, but strange, target for soaring prices at the pump

Gasoline prices are breaking records and the refiners’ spectacular profits are putting them on the spot. They are an obvious, but strange target.

The White House confirmed in a Tuesday briefing that oil majors and refinery executives will meet with the Energy Secretary Jennifer Granholm Thursday to discuss ways to reduce costs for energy consumers. President Biden sent a letter to oil refinery executives last week, accusing them of reaping profits at the expense of consumers and urging them to increase capacity.