Jeff Bezos blasts Biden for blaming fuel corporations for top pump costs


Jeff Bezos chastised President Biden Saturday for blaming fuel station corporations for sky-high costs on the pump — declaring the commander-in-chief both employed “misdirection” or displayed a “deep misunderstanding” of financial fundamentals.

In a Saturday afternoon tweet, the official presidential account wrote, “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,” Biden added. “And do it now.”

Later Saturday, the United States’ second richest individual blasted Biden’s tweet.

“Ouch. Inflation is far too important a problem for the White House to keep making statements like this,” posted Bezos, Amazon’s founder and proprietor of the Washington Post.

“It’s either straight ahead misdirection or a deep misunderstanding of basic market dynamics.”

President Biden instructed reporters that Americans should pay excessive fuel costs for “as long as it takes” for the Ukraine struggle to finish.
Susan Walsh/AP
Gas prices.
Gas costs might rise if hurricane season causes important disruptions for US oil refiners.
Nam Y. Huh/AP

The back-and-forth comes as Americans have been paying greater fuel costs amid Russia’s February invasion of Ukraine and inflation.

On Thursday, Biden instructed reporters that American car homeowners should pay excessive fuel costs for “as long as it takes” for the struggle to finish.

Cost of filling up might rise even greater.

Jeff Bezos.
Jeff Bezos chastised President Biden for blaming fuel station corporations for costs on the pump.
Mandel Ngan/AFP through Getty Images

Gas costs might soar above their present near-record ranges to “apocalyptic,” heights if hurricane season causes important disruptions for US oil refiners, an business professional warned final month.

Saturday wasn’t the primary time the president and an outspoken American billionaire have lately engaged in a disagreement.

In early June, it was revealed that Billionaire Elon Musk has such a “super bad feeling” concerning the US economic system underneath President Biden that he deliberate to lay off about 10% of the employees at Tesla, his electrical automobile firm.

Biden reacted to Musk’s view by taking a shot at Musk and his firm SpaceX.

“Lots of luck on his trip to the moon,” Biden mentioned.

That prompted Musk to fireplace again on Twitter with a hyperlink to a 2021 NASA press launch about SpaceX profitable a $2.89 billion contract to ship the subsequent American astronauts to the moon.





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