Biden warns oil and gas companies against price gauging

Biden warns oil and gas companies against price gauging

The Independent published this video item, entitled “Biden warns oil and gas companies against price gauging” – below is their description.

President Joe Biden on Wednesday issued a stern warning to oil and gas executives against using disruptions caused by Hurricane Ian as a basis for raising gasoline and diesel fuel prices that have been steadily declining in recent months.

Speaking at a White House conference on hunger and nutrition, Mr Biden offered the warning at the outset of his remarks while discussing his contact with Florida officials in preparation for the arrival of the category four storm.

“I want to add one more warning to oil and gas industry executives: Do not — let me repeat — do not use this as an excuse to raise gasoline prices on the American people,” Mr Biden said.

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About This Source - The Independent

The Independent is a British online newspaper. It was established in 1986 as a national morning printed paper. Nicknamed the Indy, it began as a broadsheet and changed to tabloid format in 2003. The last printed edition was published on Saturday 26 March 2016, leaving only the online edition.

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