By The Financial District
Bezos Raps Biden's Call For Gas Stations To Cut Prices
Amazon.com Inc. founder Jeff Bezos continued his feud with the White House over the weekend, as the world's third-richest person chastised President Joe Biden for urging gas station operators to decrease their pricing, according to Reuters.
Photo Insert: This is not the first time billionaire Jeff Bezos has blasted Biden.
In a tweet on Saturday, Biden stated that "this is a time of war and global peril," and asked that the firms reduce gasoline prices, which have risen to around $5 per gallon in many regions of the country.
"Bring down the price you are charging at the pump to reflect the cost you're paying for the product. And do it now," the president stated.
Bezos soon after wrote on Twitter: "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."
On Sunday, White House press secretary Karine Jean-Pierre refuted Bezos' accusations, claiming that oil prices had reduced by around $15 per barrel in the previous month but gas prices had "barely" fallen.
"But I guess it's not surprising that you think oil and gas companies using market power to reap record profits at the expense of the American people is the way our economy is supposed to work," she wrote on Twitter.
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