"Do not—let me repeat, do not—do not use this as an excuse to raise gasoline prices and gouge the American people," Biden said.
The president added that officials will look into reports of price gauging if companies use the hurricane as an excuse to raise prices. “This small temporary storm impact on oil production provides no excuse—no excuse—for price increases at the pump. None," Biden said. The national average for a gallon of regular unleaded gasoline is $3.76. That's up 2 cents from Tuesday, according to AAA.Report a typo
Biden apparently does not understand resource allocation. Prices will necessarily need to go up to prevent critical shortages where resources are needed most.
What about when prices were coming down the last few months? Did Joe think the companies did that because they were being nice? How can such economic illiteracy exist at the highest level of government