VIDEO: Biden Threatens Oil and Gas Industry

Joe Biden

( – Today, while speaking to the American people about Hurricane Ian from the Operations Center at the Federal Emergency Management Agency (FEMA), Joe Biden threatened the oil and gas industry not to gouge consumers by using the hurricane as an excuse to raise the price of gasoline.

Biden also made it clear he believes the industry is not lowering gas prices as quickly as it could and should.

You can watch the video clip of Biden further down this post.

As part of his remarks, Biden stated:

“I also want to say again to the oil and gas executives: Do not, do not, do not use this storm as an excuse to raise gasoline prices or gouge the American public. The price of oil has dropped in recent weeks. The price of gas should be going down as rapidly. It’s not. My experts inform me the production of only about 160,000 barrels a day has been impacted by this storm. That’s less than two percent of our country’s daily production. Its small and temporary impact on oil production provides no excuse, no excuse for price increases at the pump, period. If the gas station companies try to use this storm to raise prices, I am going to ask officials to look into whether or not price gouging is going on. America is watching, and the industry should do the right thing. I expect them to do the right thing.”

Here is the video clip of Biden:

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