Joseph W. Gorder

This is like, you know, when you have a [sighs] scarce product, i.e. like refining capacity, refining supply, and you, uh, demand stays the same, you can increase the prices, which is what I would say we're seeing now.

So we reported that in 2021, Valero, CEO of Valero being one of the big American refining companies, uh, CEO Joe Gorder said that high demand and less refineries would effectively net more profit.

At, at a certain point, is, uh, are we talking about price gouging here?

Yeah, I mean, I think it's up to the average person to determine whether or not it's price gouging.