Chevron CEO Responds to Biden’s Allegations of Price Gouging

Gas prices are advertised at a Chevron station as rising inflation and oil costs affect the consumers in Los Angeles, California, on June 13, 2022. Lucy Nicholson/Reuters

Chevron’s CEO asserted that the oil industry isn’t attempting to hold back supply, rejecting allegations made by the Biden administration in recent weeks amid record-high gas prices.

“People are not holding back supply. People are not slow-walking anything—they’re producing as much in the refining system as possible,” CEO Mike Wirth told Fox Business on Thursday in reference to the oil industry.