{"id":1531081,"date":"2022-06-28T15:14:51","date_gmt":"2022-06-28T19:14:51","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1531081"},"modified":"2022-06-28T15:14:55","modified_gmt":"2022-06-28T19:14:55","slug":"oil-billionaire-blasts-bidens-gas-price-blame-game-says-only-one-thing-will-fix-inflation","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/oil-billionaire-blasts-bidens-gas-price-blame-game-says-only-one-thing-will-fix-inflation\/","title":{"rendered":"Oil Billionaire Blasts Biden\u2019s Gas Price Blame Game, Says Only One Thing Will Fix Inflation"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">30<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Foil-billionaire-blasts-bidens-gas-price-blame-game-says-only-one-thing-will-fix-inflation%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1531081&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>New York billionaire and refiner John Catsimatidis, who owns hundreds of gas stations, blasted President <a href=\"https:\/\/www.theepochtimes.com\/t-joe-biden\">Joe Biden<\/a>\u2019s pinning the blame on high prices at the pump on gas station owners, arguing there\u2019s only one solution for <a href=\"https:\/\/www.theepochtimes.com\/t-inflation\">inflation<\/a>\u2014boosting production of crude.<\/p>\n<p>Catsimatidis made the remarks in an <a href=\"https:\/\/video.foxbusiness.com\/v\/6308461292112\">interview on Fox News<\/a> on June 24, after being asked to comment on Biden\u2019s call to gas station owners to \u201cbring\u00a0down the price you are charging at the pump to reflect the cost you are paying for the product.\u201d<\/p>\n<p>\u201cDo it now. Do it today. Your customers, the American people, they need relief now,\u201d Biden said at a White House <a href=\"https:\/\/www.whitehouse.gov\/briefing-room\/speeches-remarks\/2022\/06\/22\/remarks-by-president-biden-on-gas-prices-and-putins-price-hike\/\">press conference<\/a> on June 23, in which the president called for a federal gas tax holiday, urged oil companies to use their profits to boost refining capacity, and leaned on gas station owners to pass along lower crude oil prices by lowering prices at the pump.<\/p>\n<p> \u2018Ridiculous to Put It on Us\u2019 <\/p>\n<p>Catsimatidis reacted to Biden\u2019s remarks by defending gas station owners, arguing that they\u2019ve been \u201cmaking the same margin that we\u2019ve been making forever\u201d as they have to cover payroll and pay rent, electricity bills, and other operating expenses.<\/p>\n<p>While the margin gas station owners make fluctuates several cents one way or the other, Catsimatidis said it\u2019s \u201cridiculous to put it on us. We\u2019re not the ones that created the problem.\u201d<\/p>\n<p>The price of gasoline has nearly doubled since Biden took office, with the president variously blaming oil industry greed, a lack of refining capacity, global supply shortfalls set against a sharp post-pandemic rebound in demand, and the war in Ukraine.<\/p>\n<p>Some experts and industry insiders have argued that the Biden administration\u2019s anti-fossil fuel policies have discouraged companies from investing in refining capacity.<\/p>\n<p>\u201cIt\u2019s not the war in Ukraine. It\u2019s really domestically caused constraint<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York billionaire and refiner John Catsimatidis, who owns hundreds of gas stations, blasted President Joe Biden\u2019s pinning the blame on high prices at the pump on gas station owners, arguing there\u2019s only one solution for inflation\u2014boosting production of crude. Catsimatidis made the remarks in an interview on Fox News on June 24, after being [\u2026]<\/p>\n","protected":false},"author":118,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1531081","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1531081","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/118"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1531081"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1531081\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1531081"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1531081"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1531081"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}