Biden Administration Launches Probe Into Soaring Gasoline Prices

Oil price ^ | Sep 17, 2021 | Charles Kennedy -

[george76]

The Biden administration is looking into prices at the pump and why they are higher than they are supposed to be.

“There’s lots of evidence that gas prices should be going down -- but they haven’t,” President Joe Biden said on Thursday, as quoted by Bloomberg. “We’re taking a close look at that.”

“We’re also going after the bad actors and pandemic profiteers in our economy,” the U.S. president also said.

U.S. gas prices have risen by as much as 50 percent since the start of the year. Earlier this week, the average reached $3.19 per gallon, Bloomberg noted, citing data from the AAA, which is the highest since October 2014. The reason for the rise appears to be a strong rebound in fuel demand as the U.S. reopened after pandemic lockdowns. Still, the Biden administration has signaled it had its suspicions about other factors at play.

...

last month, the Biden administration called on OPEC+ to boost oil production in order to help U.S. retail gas prices to fall. The call caused a sour reaction in Alberta, which is the biggest supplier of foreign oil to the United States, and no reaction from OPEC+.

[george76]

Biden and pals promote pipelines for the Taliban and Russia while killing those from which the United States could benefit.

https://freerepublic.com/focus/f-news/3967437/posts

[Ann Archy]

Babylon Bee, right???

[DannyTN]

Start with why the keystone pipeline was cancelled.

[OKSooner]

Check out the brain on Joe.

[Newbomb Turk]

What a lack of self awareness. The abides administration is the cause of soaring gas prices !

They really do believe we are stupid. Yet it seems so many sheep are that stupid.

[mrmeyer]

We are governed by feckless imbeciles

[LIConFem]

*facepalm*

[Durbin]

Maybe they should call up Trump and he can give them a clue?????

[gathersnomoss]

POS!

[Nateman]

Usual pattern. Cause a problem, Blame it on someone else, use it as an excuse for more power and taxes.

[frank ballenger]

Tracing the mysterious secret origin of higher gas prices....

After fancy sleuthing, the detectives zero in on the goofy guy whose address is 1600 Pennsylvania Avenue.

[griswold3]

Maxine Waters is drooling about taking over the oil companies. · Waters called for nationalizing oil companies during a May 2008 hearing. A Socialist Dream come true.

[struggle]

Next week: “I’ve heard there’s a huge rush to the southern border, so I’m going to investigate what is causing it.”

Next month: “I’ve heard that the Taliban obtained billions of dollars of American materiel, so I’m going to investigate what is causing it.”

[KarlInOhio]

Slow Joe just found the man responsible for gasoline price increases is the same one who has been stalking him in his bathroom every morning.

[SpaceBar]

why they are higher than they are supposed to be...

What exactly are prices set by market forces supposed to be?

[day10]

They don’t believe we are ALL that stupid, only those that continue to mindlessly support them. If they can do this “investigation” and release the “results” they know their imbecilic followers will swallow it whole.

[Thommas]

Well, I don't know..?

Keystone.
Cancelled shale oil fracking.
Slow refinery production.
Renewed reliance on Arab oil.

Durrrr. I can't see why gas prices are rising. Must be Trump..

[Red Badger]

These people are stupid.........................

[sappy]

the old self probe trick....

[Yo-Yo]

Biden Administration Launches Probe Into Soaring Gasoline Prices

Cancelling the Keystone XL pipeline, cancelling oil leases on Federal lands in Alaska, the lower 48, and offshore.

Hmm, got me stumped.