Trump to host oil executives after accusing refiners of gouging consumers

President Donald Trump has accused U.S. oil refiners of gouging Americans and called for a Justice Department investigation into alleged price gouging, urging companies to use their profits to lower gasoline prices that have surged to over $4 a gallon. On Tuesday, Trump is set to host many of these companies at the White House in hopes of managing prices while discussing efforts to expand refining capacity.

However, the invitation process has left some executives concerned about the optics and potential embarrassment of attending a White House meeting with an unpredictable president. The meeting comes as the administration seeks to increase Venezuelan crude flows to U.S. refineries and addresses concerns about the Jones Act's impact on fuel shipments.

Despite the potential for controversy, executives recognize the opportunity to raise issues directly with Trump, including biofuel policies and the Jones Act. Exxon, the nation's third-largest refiner, was not invited to the event, sparking speculation about Trump's stance on the company.