Amazon founder and multi-billionaire Jeff Bezos criticized the Biden administration’s messaging around gas prices and rising inflation.
On Saturday, President Joe Biden suggested on Twitter that gas stations across the United States charge customers less for gasoline to offset historically high gas prices.
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.
— President Biden (@POTUS) July 2, 2022
Bring down the price you are charging at the pump to reflect the cost you’re paying for the product. And do it now.
“Ouch,” Bezos wrote in response. “Inflation is far too important a problem for the White House to keep making statements like this. It’s either straight ahead misdirection or a deep misunderstanding of basic market dynamics.”
Ouch. Inflation is far too important a problem for the White House to keep making statements like this. It’s either straight ahead misdirection or a deep misunderstanding of basic market dynamics. https://t.co/XgKfEICZpk
— Jeff Bezos (@JeffBezos) July 3, 2022
Earlier, Biden’s Twitter account wrote that he has a “message” to gas stations: “This is a time of war and global peril. Bring down the price you are charging at the pump to reflect the cost you’re paying for the product. And do it now.”
From the Twitter post, it’s not clear how gas stations might accomplish Biden’s Twitter demand, which was praised by a Chinese Communist Party media account. Others, however, criticized the president’s post.
“You know as well as everyone that the Federal Reserve actually sets the prices—through rampant inflation,” wrote the Libertarian Party’s account. “When 40 percent of the dollars in the world was printed in one year, inflation sets in and prices skyrocket. Just yesterday you were blaming [Russia]. We see through your scam.”
Added California gubernatorial candidate Michael Shellenberger, “At a time of war, Biden could have leveled with the American people and united the country through an ‘all-of-the-above’ clean energy strategy that included oil & gas. Instead, he has repeatedly lied about the causes of the energy crisis and divided the country.”
At a time of war, Biden could have leveled with the American people and united the country through an “all-of-the-above” clean energy strategy that included oil & gas.
— Michael Shellenberger (@ShellenbergerMD) July 3, 2022
Instead, he has repeatedly lied about the causes of the energy crisis and divided the country.
Data released by auto club AAA on Sunday shows that the national average price for a gallon of regular gas currently stands at $4.81, down about 10 cents from a week ago. In mid-June, the average price hit $5 per gallon for the first time.
Biden and fellow Democrats have shifted from blaming Russia and its leader, Vladimir Putin, for the spike in gas prices to blaming oil companies and gas stations in recent days. The president sent a letter to the top oil companies in the United States, demanding that they bring down prices while accusing them of price-gouging.
ExxonMobil, one of the firms, fired back by suggesting that federal policies have contributed to rising prices.
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