White House asks U.S. oil-and-gas companies to help lower fuel costs -sources

Published by
Reuters

By Jarrett Renshaw (Reuters) -The White House has been speaking with U.S. oil and gas producers in recent days about helping to bring down rising fuel costs, according to two sources familiar with the matter. Energy costs are rising worldwide, in some cases leading to shortages in major economies like China and India. In the United States, the average retail cost of a gallon of gas is at a seven-year high, and winter fuel costs are expected to surge, according to the U.S. Energy Department. Oil-and-gas production remains below the nation’s peak reached in 2019. “We are closely monitoring the c…

Read More

Leave a Reply

Your email address will not be published. Required fields are marked *