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Biden Administration Launches Probe Into Soaring Gasoline Prices
Oil price ^ | Sep 17, 2021 | Charles Kennedy -

Posted on 09/17/2021 8:39:48 AM PDT by 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+.

(Excerpt) Read more at oilprice.com ...


TOPICS: Business/Economy; Canada; Crime/Corruption; Extended News; Germany; Government; News/Current Events; Politics/Elections; Russia
KEYWORDS: gas; gasoline; gasprices; gazprom; germany; idunno; keystone; keystonepipeline; nordstream; nordstream2; notthebabylonbee; oil; oilproduction; opec; pipeline; pipelines; playingdumb; prices; saudiarabia
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To: george76

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

You only have to use a mirror Joe.


21 posted on 09/17/2021 8:46:24 AM PDT by Brian Griffin ( )
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To: george76

“...and why they are higher...”

Dumshit caused it.


22 posted on 09/17/2021 8:47:20 AM PDT by Bonemaker (invictus maneo)
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To: george76
“There’s lots of evidence that gas prices should be going down -- but they haven’t . . .”

Says the moron who spent an entire six months of his life working for the private sector and probably couldn't pass an Economics 101 course at a junior college.

23 posted on 09/17/2021 8:48:23 AM PDT by Vigilanteman (The politicized state destroys aspects of civil society, human kindness and private charity.)
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To: SpaceBar
"Supposed to be" = maximum price that has no significant effect on Democrat polling numbers.

Gouging = people notice the price increase and yearn for a real president to come back.

24 posted on 09/17/2021 8:48:53 AM PDT by KarlInOhio ("Anti-fascist" is from the official name of the Berlin Wall: Anti-fascist Protection Barrier.)
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To: mrmeyer

“We are governed by feckless imbeciles”

Collectively, we are feckless imbeciles.


25 posted on 09/17/2021 8:50:21 AM PDT by brownsfan (For conservatives, we have taxation without representation.)
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To: Ann Archy
Babylon Bee, right???

My very first thought, too, when I read that headline. The poor BB could be forced out of business by Biden World Reality.

26 posted on 09/17/2021 8:50:28 AM PDT by ProtectOurFreedom ("If I’m going to get my political views from those who chase balls, I’ll ask my dog.")
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To: DannyTN
Start with why the keystone pipeline was cancelled.

Logic again...

Stop that, you racist homophobe!!

27 posted on 09/17/2021 8:50:30 AM PDT by 17th Miss Regt
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To: george76

Any 12 yr old can tell you why. Why do we always need multi year studies for common sense solutions.


28 posted on 09/17/2021 8:50:31 AM PDT by Singermom
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To: george76

Create a problem and then investigate the cause of the problem.

Quite the business plan ya got there, Joseph Stolen.


29 posted on 09/17/2021 8:50:52 AM PDT by E. Pluribus Unum ("Communism is not love. Communism is a hammer which we use to crush the enemy." ― Mao Zedong)
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To: george76

Current gas prices also include what the market feels about the future. They are not optimistic.


30 posted on 09/17/2021 8:51:04 AM PDT by Captain Compassion (I'm just sayin')
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To: 17th Miss Regt

Bwahahahahahahaha...
Humor break


31 posted on 09/17/2021 8:52:06 AM PDT by gathersnomoss (LIVE FREE)
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To: george76

Joe, just look into a mirror to see why gas prices are up!

I was waiting after Labor Day to do my once a quarter fill up on my Honda Ridge line, when prices went lower.

They have increased and now run from $4.25 to 4.55 per gallon.

So thanks, Joe, Dems in Congress, Rinos and Governor Gruesome.


32 posted on 09/17/2021 8:53:07 AM PDT by Grampa Dave ( In your private, business, social and whatever life!: "All ways, ask Cui Bono?"!)
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To: E. Pluribus Unum
Create a problem and then investigate the cause of the problem.

Then blame someone else for the problem and say how impatient you are because they failed to fix the problem!
33 posted on 09/17/2021 8:53:12 AM PDT by cgbg (A kleptocracy--if they can keep it. Think of it as the Cantillon Effect in action.)
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To: george76

Just a cover story, they will go after the energy industry.

They want to give those trillions to themselves and their green company friends while at the same time weakening America strategically and lowering our standard of living.

All with the end result being a one world authoritarian oligopoly with a common people serfdom too weak to do anything about it, and an elite desperately trying to extend the lifetimes of a few through transhumanism.

They always have the opposite intentions of what are stated. This is to help the little guy, right. No, it’s to ultimately destroy him.


34 posted on 09/17/2021 8:53:50 AM PDT by BusterDog
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To: Newbomb Turk
Yet it seems so many sheep are that stupid.

Yep. Game plan:

• He will beat that drum a while
• The MSM will dutifully pick it up and amplify it
• The liberal kook sheeple will lap it up

Soon we'll be hearing from all quarters how evil capitalist corporations are oppressing the poor downtrodden plebes with price gouging and the only solution is either nationalizing the oil industry or communism.

Or both.

35 posted on 09/17/2021 8:54:23 AM PDT by ProtectOurFreedom ("If I’m going to get my political views from those who chase balls, I’ll ask my dog.")
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To: ProtectOurFreedom

Shortest probe in history: Biden shut down the pipelines and started buying oil from other countries.

Not rocket science.


36 posted on 09/17/2021 8:55:19 AM PDT by RinaseaofDs
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To: Ann Archy

That’s exact question I was going to ask.


37 posted on 09/17/2021 8:55:30 AM PDT by Irenic ( )
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To: george76

Only 50% ??? Must be nice.. Locally the price doubled...


38 posted on 09/17/2021 8:55:35 AM PDT by Tennessee Nana
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To: Nateman
...use it as an excuse for more power and taxes and lambaste capitalism and implement communism
39 posted on 09/17/2021 8:55:52 AM PDT by ProtectOurFreedom ("If I’m going to get my political views from those who chase balls, I’ll ask my dog.")
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To: george76

LOL——That’s like the mafia probing into accidental deaths of their enemy.


40 posted on 09/17/2021 8:56:42 AM PDT by mikelets456
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