White House Calls on OPEC, Regulators to Stabilize Gas Prices, Biden Says

The Biden administration called on OPEC countries and U.S. regulators to do more to ensure a stable energy supply, with a specific focus on retail gasoline prices that President Joe Biden pledged to keep affordable.

“While OPEC+ recently agreed to production increases, these increases will not fully offset previous production cuts that OPEC+ imposed during the pandemic until well into 2022,” National Security Advisor Jake Sullivan said in a statement Wednesday. “At a critical moment in the global recovery, this is simply not enough.”

National Economic Council Director Brian Deese also asked Federal Trade Commission Chair Lina Khan to use all available tools -- including monitoring prices, reviewing merger-and-acquisition activity and investigating market manipulation -- to stem price fluctuations.

“During this summer driving season, there have been divergences between oil prices and the cost of gasoline at the pump. While many factors can affect gas prices, the President wants to ensure that consumers are not paying more for gas because of anti-competitive or other illegal practices,” Deese wrote.

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[Jw-iuel]

Closes down keystone. Okays Russia pipeline. Now begging opec to drop oil prices and wants all green energy. Who voted for this clown?

[dorisfleming]

No gas tax, but a mileage text, for every mile you drive you will be taxed

[mathurex]

Gas prices haven't been this high since 2014. This is 100% on Biden.

[noahandcadenceadventures]

You guys over there are hilarious to watch.
Vote in a President campaigning on anti oil/drilling.
6 months later.
Wait can yall get us more oil and gas over here. Our prices are going out of control.
You would think the basic principle of supply and demand is understood.
Keep it up ! It's quite entertaining watching the clowns run the 🎪

[cindytaylor]

Bull shit almost 5:00 where I am !! Get rid of California politicians

[cindytaylor]

What a failure ! Gas has went up 35 cents in a week

[reneeseymour]

Better start sending stimulus checks to Americans for gas

[justinschram]

I'm glad OPEC showed this hollow potato the 🖕.

[kfhtkfht]

The vacillating US president calls for raising fuel production and demands to reduce environmental pollution 🤔

[bigdogstatus]

Inherited an energy independent America and said nah lemme scale back our own production and beg the middle east to make more oil

[gallimore]

Diesel is cheaper than gas in my state pshhh... 5 dollars a gallon. This dude is a joke.

[twj]

This guy is the greatest liar this country has ever seen.

[joeyboedeker]

🤣🤣🤣🤣
"Hey OPEC! Fix my screw ups!" Babbling Biden

[joco]

IRONY IRONY IRONY IRONY. BUT REMEMBER PEOPLE….WE GOT RID OF ORANGE MAN BAD FOR SENDING TWEETS YOU DIDN’T LIKE.

[maxlopolo]

Here is a good way to stabilize them: DONT FUCK WITH THEM.

[careaboutourcountrygotrump]

if covid won't keep you home then the gas prices will

[محمدالحارثي-عس]

the problem is not crude oil.
its gasoline so US problem is with the refineries not OPEC.

[HeavyK.]

At least we got the Keystone XL Pipeline, so we can depend on ourselves.

[christhompson]

I am willing to pay more for heavy oil gas. Makes me cringe to hear spark knock every third car when I vacation in Colorado, Chicago, Sacramento.

[cranbers]

What is in the corner of his mouth, its making me gage, oh wait thats him in general. That just makes it that much worse.