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Biden claims big oil companies are gouging consumers. Fact ✔️. The majority of retail gas stations in the U.S. aren’t owned by oil companies. Just because a station is branded doesn’t mean the station is owned by that oil company. In fact, ExxonMobil, for example, has its name on lots of gas stations, but it doesn’t own any gas stations in the U.S. According to data from the American Petroleum Institute, the refiners that produce the gasoline, like Exxon, own less than 5% of the retail gas stations in the U.S., that's where you pump gas ⛽ folks, less than 5%. In fact, more than 60% are owned by one individual or a family that owns a single gas station. So there you have it, 95% of gas stations are owned by someone other than the "big oil companies". So if there is any gouging going on, which it's not, it's probably from a person that owns just one gas station. Can someone please tell our president.
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