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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: Ann Archy

In other news, Biden administration launches probe into rising number of illegal border crossings. “There’s lots of evidence crossings should be going down, but they haven’t”.


81 posted on 09/17/2021 10:22:13 AM PDT by Rennes Templar (Come back, President Trump.)
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To: A Navy Vet

Great, insightful response.


82 posted on 09/17/2021 10:25:49 AM PDT by Singermom
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To: george76

Hey, Clueless Joe, ya wanna see the bad actor, look in a friggin’ mirror!


83 posted on 09/17/2021 10:46:22 AM PDT by Redleg Duke (“I’m not the olny one!”)
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To: Thommas

Renewed reliance on Arab oil.

Renewed reliance on Arab and Russian oil.


84 posted on 09/17/2021 10:49:21 AM PDT by PIF (They came for me and mine ... now its your turn)
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To: george76

Joe doesn’t even know if his butt has been wiped.


85 posted on 09/17/2021 11:09:26 AM PDT by subterfuge (RIP T.P.)
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To: george76

Hey Bugout Biden, who was the guy who signed all those Anti US Gas and Oil productions EOs on his 1st day in office?

Standard 1970s era Democrat politics. Create a mess with stupid Govt polices and then blame “bad actors” for the consequences of their actions.


86 posted on 09/17/2021 12:02:38 PM PDT by MNJohnnie (They would have abandon leftism to achieve sanity. Freeper Olog-hai)
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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.”

They are higher than they should be because an idiot cancelled America’s gas and oil independence the first day in office. Any idea who that might be?


87 posted on 09/17/2021 12:41:48 PM PDT by antidemoncrat (somRead more at: https://economicti)
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To: Singermom
Thunk you. Thunk you bery mach.

Are you a singer? I used to be in bands of old...mostly a drummer. Sometimes a front man, more often behind my kit. Think Phil Collins.

88 posted on 09/17/2021 12:47:46 PM PDT by A Navy Vet (USA Birth Certificate - 1787. Death Certificate - 2021. )
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To: george76

Whistle while you work,
Biden is a jerk,
Newsolini bit his weenie
Now it doesn’t work.


89 posted on 09/17/2021 12:47:54 PM PDT by rfp1234 (Comitia asinorum et rhinocerum delenda sunt.)
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To: Nateman

By Jove, I think you’ve got it, Nateman.


90 posted on 09/17/2021 1:12:28 PM PDT by Walrus (I do not consent)
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To: george76

I hope he bends over and takes a deep breath because that prove is going to extend and end straight up his #$$.


91 posted on 09/17/2021 1:18:47 PM PDT by smvoice (King Joege: He's really quite mad you know )
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To: george76

Cut supply, prices go up! DC is full of mucking forons.


92 posted on 09/17/2021 1:22:02 PM PDT by Chgogal (Biden's New Taliban, same as the old Taliban.)
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To: george76

We’re also going after the bad actors and pandemic profiteers in our economy,...

There is the real statement of intent.

Just another reason to trash the oil industry, raise taxes on them and make their lives more difficult.

Dems have been doing this to the oil companies since the 1970’s.


93 posted on 09/17/2021 1:23:19 PM PDT by Texas resident
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To: smvoice

You know, it’s a good thing that we can’t vote using our computer. I have no doubt my Autocorrector is a flaming socialist.

“PROVE” SHOULD BE “PROBE” you idiot.


94 posted on 09/17/2021 1:23:40 PM PDT by smvoice (King Joege: He's really quite mad you know )
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To: sappy
"The old self probe trick..."
Maxwell

I invite the Biden regime/Democrats
to self probe at least once every day.

95 posted on 09/18/2021 7:35:11 AM PDT by MikelTackNailer (Fortunately despite aging I've been spared the ravages of maturity.)
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To: george76

If he wants to know why the price of of fuel is rising he should look into a mirror.🙄


96 posted on 09/18/2021 12:09:32 PM PDT by BiteYourSelf ( Earth first we'll strip mine the other planets later.)
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To: KarlInOhio

Yah beat me to it.👍


97 posted on 09/18/2021 12:11:12 PM PDT by BiteYourSelf ( Earth first we'll strip mine the other planets later.)
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To: Navy Patriot

Just saw.😫


98 posted on 09/18/2021 12:14:09 PM PDT by BiteYourSelf ( Earth first we'll strip mine the other planets later.)
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To: BiteYourSelf

That’s supposed to be eww not saw dang autocorrect.😖


99 posted on 09/18/2021 12:15:40 PM PDT by BiteYourSelf ( Earth first we'll strip mine the other planets later.)
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To: george76

This is a feel-good probe meant to quiet down the taxpayers. I very confidently predict this probe will go exactly nowhere.


100 posted on 09/22/2021 5:04:33 PM PDT by upchuck (The longer I remain unjabbed, the more evidence I see supporting my decision. Psalm 144:5-6)
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