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Houstonians react to President Biden asking oil companies to produce more gas
As gas prices continue to soar to $5 a gallon on average, President Joe Biden is blasting oil companies for record-high profits. The president is now asking refiners to produce more gas and cut costs.
HOUSTON - As gas prices continue to soar to $5 a gallon on average, President Joe Biden is blasting oil companies for racking in record-high profits.
The Biden administration is now asking oil refiners to produce more gas and cut costs.
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Houston residents like Omar Gaitan are feeling the burden.
"Sad, sad would be the best way to describe it. Like man, I don’t know. You shouldn’t be making life decisions at the gas station. Should I get gas, or should I get something to eat?" Gaitan said.
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Gas prices hit another record high
When will the pain at the pump end? Gas prices hit another record high on Monday.
Houstonians say the rising price tag at the pump, along with surging inflation, is forcing them to change their lifestyles.
"I'll be like how much gas am I putting in my car? I’m just going to put $20 or $10 to get where I need to be at. I’m not eating out. I’m eating at the house. Food went up too. Everything going up. Rent going up. Gas going up. Food. Everything. So you gotta prioritize," said Derrick Williams.
RELATED: Ways to save on gas as prices hit record high
President Biden is now under pressure to address the soaring gas prices. On Wednesday, Biden sent a letter to several of the nation’s largest oil and gas refiners, accusing the companies of taking advantage of the crisis.
MORE: Biden tells oil refiners: Produce more gas and diesel, fewer profits
Biden suggested his administration would take action if companies don’t boost production and help lower prices for American families.
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Gas prices continue to climb nationwide
The national average for a gallon of gasoline climbed once again overnight. Unfortunately, that's the case; gas stations are just one of the places more Americans are seeing those high prices.
However, energy analysts don’t believe the solution is that simple.
"I mean you got to point the finger somewhere," said James Bevan with Criterion Research. "It's a tough time. It's not just a U.S. oil and gas company issue, it's not just the U.S. issue it's the entire globe."
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"There's major issues across the global supply chain, as everyone knows, with things getting more expensive," Bevan continued. "It's not just gasoline refiners that are to blame for anything, it's really just a domino of issues affecting everything,"
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