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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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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

1 posted on 09/17/2021 8:39:48 AM PDT by george76
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To: george76

Babylon Bee, right???


2 posted on 09/17/2021 8:40:29 AM PDT by Ann Archy (Abortion....... The HUMAN Sacrifice to the god of Convenience.)
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To: george76

Start with why the keystone pipeline was cancelled.


3 posted on 09/17/2021 8:40:35 AM PDT by DannyTN
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To: george76

Check out the brain on Joe.


4 posted on 09/17/2021 8:41:03 AM PDT by OKSooner
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To: george76
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.

5 posted on 09/17/2021 8:42:11 AM PDT by Newbomb Turk
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To: george76

We are governed by feckless imbeciles


6 posted on 09/17/2021 8:43:00 AM PDT by mrmeyer (You can't conquer a free man; the most you can do is kill him. Robert Heinlein)
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To: george76
*facepalm*
7 posted on 09/17/2021 8:43:04 AM PDT by LIConFem (Read up on Russia's Oct, 1917 Revolution... And prepare.)
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To: george76

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


8 posted on 09/17/2021 8:43:11 AM PDT by Durbin
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To: george76

POS!


9 posted on 09/17/2021 8:44:04 AM PDT by gathersnomoss (LIVE FREE)
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To: george76

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


10 posted on 09/17/2021 8:44:06 AM PDT by Nateman (If the Left is not screaming , you are doing it wrong.)
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To: george76

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.


11 posted on 09/17/2021 8:44:21 AM PDT by frank ballenger (You have summoned up a thundercloud. You're gonna hear from me. Anthem by Leonard Cohen)
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To: george76

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.


12 posted on 09/17/2021 8:44:27 AM PDT by griswold3 (When chaos serves the State, the State will encourage chaos)
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To: george76

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.”


13 posted on 09/17/2021 8:44:40 AM PDT by struggle
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To: george76
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.


14 posted on 09/17/2021 8:45:11 AM PDT by KarlInOhio ("Anti-fascist" is from the official name of the Berlin Wall: Anti-fascist Protection Barrier.)
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To: george76
why they are higher than they are supposed to be...

What exactly are prices set by market forces supposed to be?
15 posted on 09/17/2021 8:45:12 AM PDT by SpaceBar
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To: Newbomb Turk

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.


16 posted on 09/17/2021 8:45:14 AM PDT by day10 (You'll get nothing and like it!)
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To: DannyTN
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..

17 posted on 09/17/2021 8:45:16 AM PDT by Thommas (The snout of the camel is in the tent.)
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To: george76

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


18 posted on 09/17/2021 8:45:36 AM PDT by Red Badger (Homeless veterans camp in the streets while illegal aliens are put up in hotels.....................)
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To: Ann Archy

the old self probe trick....


19 posted on 09/17/2021 8:45:44 AM PDT by sappy (criminaldems)
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To: george76
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.


20 posted on 09/17/2021 8:46:22 AM PDT by Yo-Yo (is the /sarc tag really necessary?)
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