{"id":1661448,"date":"2022-09-28T06:22:23","date_gmt":"2022-09-28T10:22:23","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1661448"},"modified":"2022-09-28T09:21:48","modified_gmt":"2022-09-28T13:21:48","slug":"do-it-now-biden-still-demanding-gas-station-owners-cut-prices","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/do-it-now-biden-still-demanding-gas-station-owners-cut-prices\/","title":{"rendered":"&#8220;Do it Now!&#8221; &#8211; Biden Still Demanding Gas Station Owners Cut Prices"},"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\">24<\/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%2Fdo-it-now-biden-still-demanding-gas-station-owners-cut-prices%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=1661448&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--><aside class=\"single__inline-module alignleft\"><\/aside>\n<p>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.<\/p>\n<p>During a meeting Monday with economic aides, Biden lamented that while crude prices fell sharply last month, it has taken a \u201clong time\u201d for the drop in price to trickle down to the consumer.<\/p>\n<p>\u201cWe haven\u2019t seen the lower prices reflected at the pump though.\u00a0Meanwhile, oil and gas companies are still making record profits \u2014 billions of dollars in profit,\u201d the president said Monday.<\/p>\n<p>\u201cMy message is simple. To the companies running gas stations and setting those prices at the pump: Bring down the prices you\u2019re charging at the pump to reflect the cost you pay for the product.\u201d<\/p>\n<figure class=\"wp-block-image size-large\"><figcaption>President Biden on Monday demanded that gas stations move to lower fuel prices for consumers.<\/figcaption><figcaption><span class=\"credit\">Getty Images<\/span><\/figcaption><\/figure>\n<p>Biden\u2019s comments, which were <a href=\"https:\/\/www.whitehouse.gov\/briefing-room\/speeches-remarks\/2022\/09\/26\/remarks-by-president-biden-at-the-third-meeting-of-the-white-house-competition-council\/\" target=\"_blank\" rel=\"noreferrer noopener\">posted by the White House<\/a>, <a href=\"https:\/\/markets.businessinsider.com\/news\/commodities\/biden-tells-gas-stations-lower-prices-reflect-falling-oil-costs-2022-9?utm_source=feedly&amp;utm_medium=webfeeds\" target=\"_blank\" rel=\"noreferrer noopener\">were reported by Insider.<\/a><\/p>\n<p>The president exhorted gas stations to pass along savings to customers more quickly.<\/p>\n<p>\u201cDo it now,\u201d Biden said.\u00a0\u201cDo it now.\u00a0Not a month from now \u2014 do it now.\u201d<\/p>\n<p>\u201cAnd it\u2019s going to save people a lot of money.\u201d<\/p>\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/09\/gas-biden-14.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-24021687\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/09\/gas-biden-14.jpg\" srcset=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/09\/gas-biden-14-1.jpg 1536w, https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/09\/gas-biden-14-2.jpg 1024w, https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/09\/gas-biden-14-2.jpg&amp;w=512 512w\" alt=\"The average cost of a gallon of fuel nationwide is some 17% higher compared to a year ago, according to AAA.\" width=\"1024\" height=\"682\" \/><\/a><figcaption>The average cost of a gallon of fuel nationwide is some 17% higher compared to a year ago, according to AAA.<\/figcaption><figcaption><span class=\"credit\">Anthony Behar\/Sipa USA<\/span><\/figcaption><\/figure>\n<p>Bob Bilbruck, CEO of business strategy firm Captjur, told The Post that Biden was \u201cway off base.\u201d<\/p>\n<p>\u201cI grew up in the convenience store gas station business,\u201d Bilbruck said.<\/p>\n<p>\u201cMargins are razor-thin in these operations and depending on their relationship in the buying ecosystem, they may be buying from a bulk fueler or directly from the producer [so] we are talking very little difference in prices,\u201d he said.<\/p>\n<p>Since gas station owners work on small margins, they are under \u201cconstant competitive pressures from the station next door to keep their prices competitive.\u201d<\/p>\n<p>\u201cThis is simple supply and demand,\u201d Bilbruck told The Post.<\/p>\n<p>\u201cYou have less drilling going on and less oil and gas being refined \u2014 prices go up.\u201d<\/p>\n<p>He added: \u201cIt\u2019s basic economics \u2014 if Biden wanted to make a true impact and <a href=\"https:\/\/nypost.com\/2022\/09\/23\/americans-have-lost-4-2k-in-income-under-biden-report\/\">get costs down for the consumer<\/a>, there are many things he could do.\u201d<\/p>\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/09\/gas-biden-16.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-24021681\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/09\/gas-biden-16.jpg\" srcset=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/09\/gas-biden-16-1.jpg 1536w, https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/09\/gas-biden-16-2.jpg 1024w, https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/09\/gas-biden-16-2.jpg&amp;w=512 512w\" alt=\"Gas prices have ticked up following 99 consecutive days during which they fell.\" width=\"1024\" height=\"682\" \/><\/a><figcaption>Gas prices have ticked up following 99 consecutive days during which they fell.<\/figcaption><figcaption><span class=\"credit\">Getty Images<\/span><\/figcaption><\/figure>\n<p>Free-market advocates also did not take too kindly to the president\u2019s comments.<\/p>\n<p>\u201cHaving the president of the country pressuring private companies into cutting profit is not a good look at best,\u201d geopolitical analyst Irina Tsukerman, who heads Scarab Rising, told The Post.<\/p>\n<p>\u201cThese comments indicate that Biden is avoiding responsibility for his own contribution to the price crisis \u2014 the policies that have driven up the gas prices to begin with, failure to allow for leases on federal land, the shutdown of pipeline projects, the gas tax hike, among others.\u201d<\/p>\n<p>The <a href=\"https:\/\/nypost.com\/2022\/09\/21\/us-gas-prices-rise-ending-98-day-streak-of-declines\/\">average price of a gallon of fuel<\/a> ticked up to $3.75 nationwide on Tuesday \u2014 which is 17% higher compared to a year ago, when the cost was $3.19 per gallon.<\/p>\n<p>Biden administration officials touted the drop in gas prices from mid-June, when they reached a record high of $5.02.<\/p>\n<p>Last week, gas prices rose for the first time, snapping a 99-day streak of falling prices.<\/p>\n<p>Gasoline prices mostly reflect trends in global oil prices, and crude \u2014 both the US benchmark and the international Brent \u2014 have been slumping since mid-June on growing fears of a global recession that would reduce demand for energy.<\/p>\n<p>US crude rose $0.73 on Tuesday, closing at $77.44 a barrel. Brent crude jumped 1.32% to $85.17 a barrel.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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<\/p>\n","protected":false},"author":1,"featured_media":1661450,"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-1661448","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\/1661448","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1661448"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1661448\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1661450"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1661448"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1661448"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1661448"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}