U.S. Energy Secretary Jennifer Granholm called an emergency meeting with refining executives for next week as tensions between the Biden administration and Big Oil mount over soaring gasoline prices
"As the president noted in his letter, he is also prepared to use all reasonable tools and authorities, as appropriate, to help increase capacity and output and reduce gas prices," the department spokesperson said.to Biden, pointing out that the nation's oil refineries are already running at close to full capacity - currently at 94% of capacity.
Karine Jean-Pierre, the White House press secretary, told reporters the administration wants to hear ideas from energy companies, saying, "Maybe there's a way that we can help them meet that capacity." The White House, concerned about voter anger ahead of the Nov. 8 mid-term elections, with Democrats' control of both the U.S. House of Representatives and the Senate at risk, has attempted to curb energy inflation by releasing record amounts of crude oil from the Strategic Petroleum Reserve and by waiving some anti-smog regulations for summertime blends of gasoline.
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