US energy producers roast Biden for demanding companies lower gas prices

The US Oil & Gas Association took a swipe at President Biden after he tweeted on Saturday that ‘companies running gas stations’ should just ‘lower the price you charge at the pump’, telling him he should “please make sure the WH intern who posted this tweet is enrolling in Econ 101 for the fall semester.

“I’m working on it, Mr. President. In the meantime, have a Happy 4th and make sure the WH intern who posted this tweet enrolls in Econ 101 for the fall semester…,” he tweeted.

On Sunday, Biden tweeted that “companies that operate gas stations” should take note that “this is a time of war and global peril.”

“My message to the companies that lead service stations and setting prices at the pump is simple: we are in a time of war and global peril,” Biden tweeted on Saturday. “Reduce the price you charge at the pump to reflect the cost you pay for the product. And do it now.

Biden’s tweet comes as gas prices average $4,812 nationwide, up 5 cents from a month ago. In some states, however, the prices are much higher.

In California, the average price per gallon of gasoline is $6,244 and in Illinois it is $5,325.

Biden has tried to blame Russian President Vladimir Putin for the gas price hike, dubbing it “Putin’s price hike”, a term used repeatedly by the White House, despite his campaign promise always taking responsibility and not blaming others.

Biden’s call to action follows an unsuccessful Oval Office proposal to implement a 90-day gas tax holiday, which was rejected by even Democratic lawmakers as extravagant.

During the presidential campaign, Biden vowed to sacrifice the energy boom, low prices and even jobs for his green agenda.

During the December 2019 Democratic debate, moderator Tim Alberta asked, “Three consecutive American presidents have experienced periods of explosive economic growth due to a boom in oil and natural gas production. As president, would you be willing to sacrifice some of that growth, even knowing potentially that it could displace thousands, if not hundreds of thousands, of blue collar workers in the interest of transitioning to this greener economy? »

“The answer is yes,” said the former vice president.

Biden canceled the Keystone XL pipeline, which would have delivered about 870,000 barrels of oil a day from Canada to refineries in Texas, and “suspended” oil and gas leases on federal lands during his first hours in office. Texas Governor Greg Abbott recently warned of a discretionary Environmental Protection Agency rule that, if imposed, would further increase gasoline prices.

“Reduce the price you charge at the pump to reflect the cost you pay for the product. And do it now. tweeted Biden.
Getty Images/Lindsey Nicholson

Biden has vacillated between embracing high gas prices as the price of an “incredible transition” to a “green” economy, blaming Vladimir Putin, blaming energy producers, and now blaming gas station owners, who only earn pennies per gallon of gas they sell.

New York Post

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