Democrats Accuse Oil Companies Of 'Rip Off' On Gas Prices

Oil executives testified before a House committee about high gas prices. The hearing focused on why prices remain high despite stable crude oil costs. Democrats accused oil companies of prioritizing shareholder profits over increasing supply, while Republicans blamed President Biden's policies. Oil CEOs claimed they have no control over prices due to global market pressures and highlighted shareholder demands. The hearing also served as a platform for political messaging ahead of the midterms, with both parties eager to address economic issues like inflation.

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