In what felt like a first, Biden criticized the record profits Big Oil companies brought in last year, generated amidst a global energy crisis spurred by the Russian invasion of Ukraine.

Source: https://grist.org/climate-energy/no-new-climate-plans-state-of-the-union-biden/

Oil companies have for years shrugged off allegations of price gouging in California, where prices can run as much a dollar higher than other states, arguing that environmental regulations and higher taxes are what drive up the price in the Golden State.

Source: https://www.northbaybiz.com/2023/03/30/new-state-watchdog-board-to-target-oil-price-gouging/