President Donald Trump is scheduled to host oil industry executives at the White House. This meeting occurs as the national average gas price remains over $4 a gallon. Reports indicate that major oil companies posted $85.2 billion in combined second-quarter profits, a figure largely attributed to the surge in oil prices.
Washington, D.C. – President Donald Trump plans to host oil industry executives at the White House. This gathering will occur soon, following current reports. The meeting is set against a backdrop where the average gas price across the nation continues to be over $4 a gallon. Simultaneously, major oil companies have reported significant financial results for the second quarter, with combined profits reaching $85.2 billion. This substantial profitability is largely a direct result of the recent surge in global oil prices. The White House will be the venue for this interaction with industry leaders.
Source: CleanTechnica