🇺🇸⚡ Reuters: US oil giants are expected to post their strongest quarterly profits since 2022, with predictions that Exxon Mobil and Chevron will report more than triple their profits from the first quarter, as rising oil prices and tight fuel markets have boosted profit margins. Strong results could create tensions with Donald Trump, who has asked the industry to reduce gas prices before the midterm elections in November and has even warned of a possible move against price gouging. Trump has asked for the national average gas price to fall to about $2.50 per gallon. Industry executives argue they have limited control over gas station prices and say refining costs, inventories, distribution, and taxes also play important roles. Gas prices remain high despite crude oil returning to pre-war levels due to limited global fuel supply and strong refining profit margins. 🔴 News