Biden tweeted from his official White House handle on Saturday:
‘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.
‘Bring down the price you are charging at the pump to reflect the cost you’re paying for the product. And do it now.’
But Biden faced criticism for the tweet, with the U.S. Oil & Gas Association tweeting in response:
‘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.’
Meanwhile, Bezos criticized Biden for calling on companies to lower sky-high gasoline prices, which have soared to about $5 a gallon in many parts of the country.
Bezos said Biden’s remarks amounted to ‘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,’ the US billionaire tweeted Saturday.
Gasoline prices at the pump have become a symbol of broader price rises in the United States, and they are sapping Biden’s approval rating ahead of midterm elections in November.
