Biden warns oil industry not to 'gouge the American people' as Ian hits Florida

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Biden said the hurricane “provides no excuse for price increases at the pump.'

"Do not, let me repeat, do not use this as an excuse to raise gasoline prices or gouge the American people," Biden said at the start of a conference on hunger in America and just hours before the hurricane made landfall as a massive Category 4 storm.

There are few signs that average gas prices have jumped significantly in Florida as the hurricane began to approach. AAA put the statewide average at just under $3.40 a gallon, six-tenths of a cent higher than a week ago. Gasoline prices mostly reflect trends in global oil prices, and crude — both the U.S. benchmark and the international Brent — has been slumping since mid-June on growing fears of a global recession that would reduce demand for energy.

Many energy analysts believe prices are more likely to rise than fall in the next few months. But changes in sentiment about the economy,, and even hurricane season — always a threat to disrupt refineries along the Gulf Coast — make predictions uncertain.

 

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Oh, now he's worried.

“Stop gouging just give it away for free”

From the guy who saw gas prices soar to over $5.00 a gallon under his command. Priceless!

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Biden to oil industry: Don't raise prices as hurricane nearsPresident Joe Biden on Wednesday warned oil and gas companies against increasing prices for consumers as Hurricane Ian neared landfall along Florida’s southwest coast. “Do not, let me repeat, do not use this as an excuse to raise gasoline prices or gouge the American people,” Biden said at the start of a conference on hunger in America. Biden said that the hurricane “provides no excuse for price increases at the pump” and if it happens, he will ask federal officials to determine ”whether price gauging is going on.” WHCOS It is so great to have a president who has our backs. I think if James Taylor's song, 'You've Got a Friend.' Oil companies don’t set fuel prices. Pretty said when the “leader” of our country has no clue how his own country works WHCOS Oil companies love natural disasters! MoreProfit
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