WASHINGTON — President Joe Biden on Wednesday warned oil and gas companies against increasing prices for consumers as “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 made landfall as a massive Category 4 storm.
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.”President Biden is warning the oil and gas companies against increasing prices for consumers as Hurricane Ian nears landfall in Florida.
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., and the 14-week decline was the longest streak since 2015.
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 Many energy analysts believe prices are more likely to rise than fall in the next few months. But changes in
Yeah and now they’re right back to where they were lol
It never dropped below 4.50 a gallon in Alaska