The U.S. Oil & Gas Association blasted President Joe Biden after he demanded energy producers to lower gas prices.
“Working on it Mr. President. In the meantime – have a Happy 4th and please make sure the WH intern who posted this tweet registers for Econ 101 for the fall semester,” they tweeted.
On Sunday, the president tweeted that “companies running gas stations “should simply “bring down the price you are charging at the pump.”
“My message to the companies running gas stations and setting prices at the pump is simple: this is a time of war and global peril,” Biden tweeted on Saturday. “Bring down the price you are charging at the pump to reflect the cost you’re paying for the product. And do it now.”
This comes as the national average price for a gallon of gas averaged $4.812 nationwide, according to the AAA.
Last month, oil industry insider Bob McNally exposed the Biden administration’s ignorance of the oil industry.
“When the White House started calling around in a panic, they thought shale oil production could grow sharply in the near term — like in a matter of months or quarters,” McNally explained. “They were shocked to learn that that’s like asking for blood from a stone. It’s almost impossible.”
While it is not true that oil companies are price gouging, as they do not set gas prices, the White House has not given them an incentive to boost production.
Biden also claimed recently that soaring gas prices is transitory toward a greener economy but Treasury Secretary Janet Yellen admitted that the administration’s prediction had been “wrong.”
“I think I was wrong then about the path that inflation would take,” Yellen said. “As I mentioned there have been unanticipated and large shocks to the economy that have boosted energy and food prices and um, supply bottlenecks that have affected our economy badly, that I didn’t, at the time, understand.”
Due to soaring inflation and skyrocketing gas prices, Republican National Committee chairwoman Ronna McDaniel said that Americans are suffering from financial strain.
“Paired with historic inflation and shortages for basic goods like baby formula, the rising cost of gas is the result of Joe Biden and Democrats’ anti-U.S. energy agenda,” McDaniel said. “Unfortunately, Biden only plans to make this crisis worse for families by not doing anything.”
