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In reply to the discussion: Trump urges gasoline retailers to lower prices, warns of 'big problems' if they don't [View all]
MichMan
(17,753 posts)44. Biden did in 2022
With gasoline prices poised to reach a new all-time high within days, President Joe Biden recently issued a stern warning to the nation's oil producers and gas retailers.
"American oil and gas companies should not – should not exploit this moment to hike their prices to raise profits," Biden said in a speech.
Biden's beef with the energy industry isn't new.
In November, the president, under growing criticism for contributing to inflation that's been hovering at a 40-year high, asked the Federal Trade Commission to investigate "mounting evidence of anti-consumer behavior by oil and gas companies."
"The bottom line is this: gasoline prices at the pump remain high, even though oil and gas companies' costs are declining," Biden said in a letter to FTC Chair Lina Kahn.
"American oil and gas companies should not – should not exploit this moment to hike their prices to raise profits," Biden said in a speech.
Biden's beef with the energy industry isn't new.
In November, the president, under growing criticism for contributing to inflation that's been hovering at a 40-year high, asked the Federal Trade Commission to investigate "mounting evidence of anti-consumer behavior by oil and gas companies."
"The bottom line is this: gasoline prices at the pump remain high, even though oil and gas companies' costs are declining," Biden said in a letter to FTC Chair Lina Kahn.
https://finance.yahoo.com/news/oil-gas-companies-price-gouging-225315784.html
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Trump urges gasoline retailers to lower prices, warns of 'big problems' if they don't [View all]
AZProgressive
Jun 29
OP
After millions in donations to TSF, they didn't know he owns them?! Gas at 2$ a gallon by midterms, or else!
Deuxcents
Jun 29
#1
So now US Govn't can tell what religion to beleive, what corporations will do, what a woman can do , which
dave99
Jun 29
#5
They'll have to raise prices on all of the other products they sell to make a profit and then nobody will buy them
ChicagoTeamster
Jun 29
#7
A two-bit felon walks into the headquarters of *the biggest mob boss in town*, who
RockRaven
Jun 29
#8
Yup. No need for "policy" when you can just scream "I want it! I want it! I want it!" like a 5 year old,
thesquanderer
Jun 29
#16
I think he's sending a message to his people, the ones who will initiate the "big problems."
Drum
Jun 30
#30
As of Monday, AAA listed the national average for regular gasoline at $3.86 a gallon, down from about $4.50 in recent mo
riversedge
Jun 30
#32
Just imagine what the media would be doing if Obama or Biden twitted that comment
MoseShrute
Jun 30
#37
Back in 1968, I had an uncle who ran his own gas station. Not a convenience store.
rickford66
Jun 30
#39