Jeff Bezos Blasts Biden For Blaming Gas Companies For High Pump Prices

Jeff Bezos, rebuked President Biden, on Saturday for blaming gas station companies for sky-high prices at the pump declaring the commander-in-chief either employed “misdirection” or displayed a “deep misunderstanding” of economic fundamentals.

In a Saturday 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 person 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 owner of the Washington Post.

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

The back-and-forth comes as Americans have been paying higher gas prices amid Russia’s February invasion of Ukraine and inflation.

On Thursday, Biden told reporters that American vehicle owners will have to pay high gas prices for “as long as it takes” for the war to end.

Cost of filling up could rise even higher.Gas prices could soar above their current near-record levels to “apocalyptic,” heights if hurricane season causes significant disruptions for US oil refiners, an industry expert warned last month.