How a massive refinery shortage is contributing to high gas prices
Oil refineries have lost capacity over recent years, making it nearly impossible to increase supply and stabilize gas prices at the pump.
President Biden and Big Oil are at each other's throats.
At a time when gas prices are at the highest level in history, hurting regular Americans, he points out that Big Oil companies are enjoying record profits.
The president earlier this month singled out ExxonMobil, saying the company "made more money than God this year."
Gas prices started skyrocketing following a raft of sanctions on Russian oil, after its invasion of Ukraine in February.
The national average price of gasoline surpassed $5 a gallon for the first
