Trump Battles Oil Refiners Over Gas Prices

President Trump has intensified his criticism of U.S. oil refiners, alleging they are price gouging Americans and urged a government investigation into the matter. He plans to host key industry figures at the White House to discuss persistently high gasoline prices, which have averaged over $4 a gallon. The gathering aims to explore ways to increase U.S. refining capacity, which the administration argues has been hindered by past policies.

Executives invited to the meeting face a strategic quandary. While the event offers a rare chance to directly engage with the President on industry issues like biofuel policy and the Jones Act, there are concerns about potential public criticism. Some companies, like Exxon, which previously drew Trump's ire, were not invited. The meeting's focus is on "concrete, near-term steps" to boost capacity and lower prices for consumers.