Oil Refiners an Easy, but Odd, Target for Pump-Price Surge

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Oil Refiners are an obvious target during times of surging gas prices, but JinjLee explains recent profits are an exception, not the rule. WSJWhatsNow

U.S. gas prices have hit a record high and are showing no signs of going down. That’s largely because oil companies are no longer incentivized to drill more as oil prices rise. WSJ’s Dion Rabouin explains. Photo composite: Ryan TrefesGasoline prices are at records, and refiners’ spectacular profits are putting them in the hot seat. They are an obvious, but odd, target.

The White House confirmed in a briefing on Tuesday that oil majors and refinery executives will meet with Energy Secretary

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