Refiners Unable to Lower Gas Prices as Trump Criticizes Exxon and Chevron
Macro·1 article across 1 outlet
Story updated Rewritten when the story materially grows; the wire is checked every 15 minutesAbout this data
Stephen Schork, principal and editor at The Schork Group, states that refiners have virtually no ability to increase capacity and deliver more gasoline and diesel products. President Trump criticized ExxonMobil and Chevron for making excessive profits amid rising fuel prices.
Schork's comments come in response to Trump's call for refiners to provide price relief to consumers. The inability of refiners to boost production raises concerns about the future of fuel costs for consumers.
TrumpExxonMobilChevron
Sources
Every quote below is verbatim from the article it is attributed to.
SourceReports the news
“Stephen Schork, principal and editor at The Schork Group, says refiners have virtually no ability to increase capacity and deliver more gasoline and diesel products and lower costs for consumers.”
Bloomberg — Refiners Can’t Deliver Gas Price Relief Trump Wants, Says Stephen Schork