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Gas prices keep rising, but do big oil companies plan to drill more? Not so far

Posted on May 7, 2026
By NPR
0 Views
1 min read

Gas prices keep rising, but do big oil companies plan to drill more? Not so far

The war in Iran has pushed global oil prices higher, which boosts oil company revenues. But major U.S. oil companies aren't signaling plans to increase production to bring down prices at the pump.