President Joe Biden on Monday issued a firm declaration to fuel companies in the United States, ordering them to lower fuel prices for consumers to a level the president said would reflect what the product actually costs.
Biden made the remarks at a meeting of the White House Competition Council. It was the third such meeting of the council, which the president established by executive order last July. [bold, links added]
The president argued that, while oil prices have dropped worldwide in recent months, “we haven’t seen the lower prices reflected at the pump” and “oil and gas companies are still making record profits.”
“Look, my message is simple,” Biden said. “To the companies running gas stations and setting those prices at the pump: Bring down the prices you’re charging at the pump to reflect the cost you pay for the product. Do it now. Do it now.”
“Not a month from now — do it now,” he added. “And it’s going to save people a lot of money.”
Gas prices reached record levels earlier this year as supply chain crises and inflation sent fuel costs at the pump soaring to unheard-of levels.
Read rest at Just The News
So easy. Just lower prices. That’s Biden’s level of understanding basic supply and demand economics.
Heh Biden, just stop spending our grandchildren’s inheritance. Just stop spending. See how easy that is? That might ease inflationary pressure. Maybe. Try it.
Unfortunately a lot of the idiots that voted for Brandon think that’s the way supply and demand work.
Biden cuts off our domestic oil production then demands they lower the price what a total fool and the nations total village idiot