Stauber’s accusations about Biden and the Keystone XL project and oil permits are just two examples of what I feel are fabrications and inaccuracies in Stauber’s mailings.
The report comes as the Biden administration prepares in the coming months to unveil new safety-related rules to curb methane emissions from pipeline systems that transport gas from production to local distribution.
The national median gas price set a record last week, topping $5 per gallon, according to the American Automobile Association, though it has since dropped below that mark.
The president will also call on states to temporarily suspend state fuel taxes, which are often higher than federal rates, and he will challenge major oil companies to bring back idled refining capacity.
From the editorial: "Our visitors come by car (and in vans, campers, and trucks), and we can’t afford for them not to come. So if knocking 47 cents per gallon off the price of gas ensures they still do this summer, we have to scream out our support."
Particularly galling to the White House is the jump in industry stock buybacks, returning to investors profits that the administration wants invested in more refining capacity to bring gasoline prices down.
Biden also said his staff would meet with oil industry executives this week after he told U.S. refiners in a letter last week that unprecedented profit margins are unacceptable and called for “immediate action” to improve capacity.
June 20, 2022 05:23 PM
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By Josh Wingrove and Jenny Leonard / Bloomberg News
States including Florida, Georgia and Maryland have enacted state gas tax holidays, and while Minnesota has not yet taken action to reduce prices, some leaders and candidates have floated similar ideas.
