As people prepare to embark on slightly more expensive trips to grandma’s for Thanksgiving, President Joe Biden criticized oil and gas companies for high prices at the pump in a speech at the White House.
“If the gap between wholesale and retail gas prices was in line with past averages, Americans would be paying at least 25 cents less per gallon right now,” Biden said. “Instead, companies are pocketing the difference as profit. That’s unacceptable.”
The president has taken two actions over the last week aimed at bringing down those prices, which are averaging $3.40 per gallon nationwide. First, he called on the Federal Trade Commission to