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US gasoline prices top $4 a gallon throughout August for first time as Sierra Club urges windfall tax

The Sierra Club urged the U.S. Congress to adopt a windfall tax to claw back excess profits major oil companies made after war-driven oil price surges. It said much of the profit reflected higher prices rather than expanded production, efficiency gains or innovation. The American Automobile Association said average U.S. gasoline prices exceeded $4 per gallon throughout August for the first time. The push comes ahead of a meeting between President Donald Trump and oil company CEOs.