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Energy secretary expresses 'profiteering' concerns over gas prices
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Energy Secretary Jennifer Granholm tells CNN's Brianna Keilar that gas prices should come down at a greater rate when the price of oil also drops, and echoes President Joe Biden's concerns of "profiteering" by gas companies.
2:13 • Source: CNN
Oil and Energy 16 videos
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Picture taken on May 9,2022 shows equipment operated by GCA (Gas Connect Austria) and TAG (Trans Austria Gas pipelines) at one of the largest interconnection gas hubs in Europe at Baumgarten an der March, Lower Austria. - The facility mainly receives Russian imports, but takes also shipments of gas from Norway and some other countries. These supplies are re-routed to consumption centers in Austria and in Europe via a number of pipeline systems running in various directions. The Baumgarten hub consists of gas reception, metering and testing facilities. (Photo by JOE KLAMAR / AFP) (Photo by JOE KLAMAR/AFP via Getty Images)
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The sun rises behind the pipe systems and shut-off devices at the gas receiving station of the Nord Stream 1 Baltic Sea pipeline and the transfer station of the OPAL gas pipeline, Baltic Sea Pipeline Link, in Lubmin, Germany, Monday, July 11, 2022. The Nord Stream 1 pipeline, Germany's main source of Russian gas, is scheduled to be out of action until July 21, 2022, for routine work. The operator said the gas flow was reduced progressively starting at 6 a.m.
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An ExxonMobil gas pump is seen on February 01, 2022 in Houston, Texas.
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Gas prices over the $6 dollar mark are displayed at a gas station in Sacramento, Calif., Friday, May 27, 2022. (AP Photo/Rich Pedroncelli)
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