Jeff Bezos Slams Biden Appeal To Lower Fuel Rates

Amazon Founder Jeff Bezos has criticized President Joe Biden for asking the oil company to reduce the price of heavenly gasoline, pushing the White House to come to the defense of US leaders on Sunday.

My message to a company that runs a gas station and sets a price in a simple pump: this is the time of war and global danger,” Tweeted Biden on Saturday.

Lower the price you set at the pump to reflect the costs you pay for the product. And do it now,” Biden added.

Bezos said Biden’s statement was the same as “one of the wrongdoles in front or a deep misunderstanding about the dynamics of the base market.”

Ouch. Inflation is a problem that is too important for the White House to continue to make statements like this,” billionaire US tweeted on Saturday.

The price of gasoline in the pump has become a symbol of a wider price increase in the United States, and they weaken the Biden approval rating ahead of the Legislative Election in November.

Biden regularly attacks oil companies, saying they only care about profit and not average consumer welfare.

The company says in turn they have increased production to try to tame prices but this is set in the world market and is subject to dynamics that are not under the control of US oil giants.

Press Secretary of the White House Karine Jean-Pierre said on Twitter on Sunday that oil prices had dropped around $ 15 per barrel over the past month.

But the price at the pump almost does not go down. It is not ‘the dynamics of the base market. This is a market that fails American consumers, “he wrote.

The price of gasoline has been above $ 5 per gallon since the beginning of June, which has never happened before in a car crazy country. The price has fallen a little since then, but remains far from the level of $ 3 per year ago.

John Kirby, a White House spokesman on national security issues, also defended the president on Sunday in appearance at Fox News.

He quoted the Biden proposal to suspend the federal gas tax this summer – this would require the approval of the congress – and his decision to utilize US strategic oil reserves to place more products in the market.

He knows that it will not solve all problems, but that will help if everyone works together in this matter. We can reduce the price at least about one dollar per gallon,” Kirby said.