Skip to content

Who’s to Blame for the Pain at the Pump? It’s Complicated

  • Who’s to blame when pump prices don’t fall with crude oil?
  • Republicans blame climate policies for curtailing oil supply
California Pump Prices Rise To Record Before Thanksgiving Break
Photographer: David Paul Morris/Bloomberg

President Joe Biden didn’t mince words as he blamed the oil industry for gasoline prices running at a seven-year high.

“Gas supply companies are paying less and making a lot more,” he said in televised remarks from the White House last week. “That’s unacceptable.”