On Monday, the price for a barrel of U.S. crude oil dipped 8%, bringing it below $100 a barrel, which should have provided some much-needed relief to Americans when they fill up their vehicles.
But despite a continued decrease in the price of oil so far this week, prices at the pump haven’t decreased, which has led many experts to suggest that oil companies are gouging on prices in response to the Russian invasion of Ukraine.
You can now add President Joe Biden to the list of those who are sick and tired of Big Oil trying to make excessive profits off the American public.
The president’s official Twitter account made it clear he sees what’s happening:
“Oil prices are decreasing, gas prices should too. Last time oil was $96 a barrel, gas was $3.62 a gallon. Now it’s $4.31.
“Oil and gas companies shouldn’t pad their profits at the expense of hardworking Americans.”
Oil prices are decreasing, gas prices should too.
Last time oil was $96 a barrel, gas was $3.62 a gallon. Now it’s $4.31.
Oil and gas companies shouldn’t pad their profits at the expense of hardworking Americans. pic.twitter.com/uLNGleWBly
— President Biden (@POTUS) March 16, 2022
And yet, oil and gas companies are indeed padding their profits at the expense of everyone who drives a vehicle, including working parents who have to commute to work and also make sure they kids get to school and extracurricular activities such as soccer and softball.
Others joined President Biden in letting Big Oil know they need to stop robbing us all blind.
Oil & Avg Gas $ June 2008:
Oil & Avg Gas $ Mar 2022:
If you’re blaming anyone but greedy oil companies for their price gouging—you’ve bought into propaganda that hurts you more than anyone else.
— Qasim Rashid, Esq. (@QasimRashid) March 14, 2022
Gas: $3.23 a gallon
Oil: $104.54 a barrel
Gas: $4.32 a gallon
Oil: $95.75 a barrel
Don’t cite inflation. Cite the damn corporate greed.
— Warren Gunnels (@GunnelsWarren) March 15, 2022
Revoke oil and gas subsidies! This is price gouging during wartime!
— KMaine: Anti Fa LaLaLaLa Get Vaxxed and Live (@KmaineC) March 16, 2022
It seems like as soon as the cost per Barrel of oil goes up it’s immediately seen at the pump but whenever it falls there’s a big lag in the price dropping at the pump. This is what happens when Oil companies work together (OPEC) and eliminate competition and form a monopoly
— CleverKitty (@SoulBender5G) March 16, 2022
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