It's an Econ 101 lesson - maybe AOC can help him (NOT!).
Posted on 09/27/2022 12:29:09 PM PDT by Oldeconomybuyer
President Biden lashed out at gas stations on Tuesday for allegedly being tardy in lowering the price of fuel in line with dropping oil prices.
During a meeting Monday with economic aides, Biden lamented that while crude prices fell sharply last month, it has taken a “long time” for the drop in price to trickle down to the consumer.
“We haven’t seen the lower prices reflected at the pump though. Meanwhile, oil and gas companies are still making record profits — billions of dollars in profit,” the president said Monday.
“My message is simple. To the companies running gas stations and setting those prices at the pump: Bring down the prices you’re charging at the pump to reflect the cost you pay for the product.”
The president exhorted gas stations to pass along savings to customers more quickly.
“Do it now,” Biden said. “Do it now. Not a month from now — do it now.”
“And it’s going to save people a lot of money.”
(Excerpt) Read more at nypost.com ...
Or what?
DO IT NOW THERES AN ELECTION COMIMG !
‘Stop the waves!”
It's an Econ 101 lesson - maybe AOC can help him (NOT!).
Quick question..
Who makes more per gallon?
The feds
The state
the gas station?
I don’t know the answer. And I assume it varies quite a bit per state.
But I would guess that the gas station makes the least per gallon of the three?
"Nice corporations you have there. Be a shame if something happened to them."
“Biden pumped up, demands gas stations slash prices at the pump: ‘Do it now’”
Biden pumped up, threatened to slash throat. Pelosi and Schumer say “Do it now”
Better!
He should try wishing upon a star. It would be just as effective as demanding private businesses to cut prices.
Hey, Joe;
We need those borders shut, as tight as they used to be.
Do It Now!!!
It’s not the gas stations! I think you will find some answers here:
Gas Prices - Who Makes Money Selling Gas?
https://www.theautochannel.com/news/2021/11/22/1074398-who-makes-money-selling-gas.html
Sounds like J.J. Walker Medicare commercial.
_________________
OMG. I cant stand them.
That’s the only thing that might have a rat’s rear end chance of going down before the election ... it won’t be inflation, groceries, cost of other goods, housing, etc. ... nor will it be a decrease in border crossings.
Gas prices ... gotta bully ‘whoever’ into lowering those gas prices ... it won’t be gas stations.
See https://freerepublic.com/focus/news/4096493/posts?page=31#31
This was like 3/4 months ago, no?
Groundhog day anyone?
What a dolt.
Just when you think this corrupt, senile, treasonous POS has hit bottom, he surprises us and reaches a new low.
I believe neither presidummy nor his handlers know how America operates—and it’s not by decree...
How many morons really believe gas station owners are price gouging?
The mustache-twirling, top-hat-wearing gas-station owners got away with their nefarious conspiracy under, Trump, Obama, Bush, Clinton, etc.
But not under Biden, the slayer of Corn Pop!
Fuel is just a way to draw people in for lottery tickets, smokes, treats, alcohol, etc. those are your profit areas.
Your local gas station makes more on a pine tree air freshener than it does on 10 gallons of gas.
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