Biden Administration Seeks Restart Of Idled Oil Refineries ...Middle East

Economy by : (OILPRICE) -
The federal government is seeking to get the oil industry to restart idled refineries, Bloomberg has reported, citing an unnamed source. According to the source, officials, including members of the National Economic Council, have been contacting industry players to inquire about the possibility of restarting refineries previously shut down in the latest attempt to rein in retail fuel prices. Regular gasoline prices hit a high of $4.60 per gallon yesterday, up from $4.589 per gallon a week ago and $3.035 per gallon a year ago. Since the start of…

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