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Oil industry says Granholm meeting sends ‘positive signal’

KIFI

By MATTHEW DALY
Associated Press

WASHINGTON (AP) — Groups representing the oil industry and refiners say a meeting with Energy Secretary Jennifer Granholm was productive and should send a signal to markets that the United States is committed to long-term investments in the oil and refining industry. The meeting Thursday with Granholm and other top officials came as President Joe Biden called on Congress to suspend federal taxes on gasoline and diesel fuel as a way to relieve high gas prices that have frustrated drivers and spurred inflation. The Democratic president also called on states to suspend their own gas taxes or provide similar relief, and he delivered a public critique of the energy industry for prioritizing profits over production.

Article Topic Follows: AP National

Associated Press

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