Jeff Bezos chastised President Biden on Saturday for blaming gas station companies for sky-high gas station prices — declaring the commander-in-chief either used “misdirection” or showed a “profound misunderstanding” of economic fundamentals.
In a tweet Saturday afternoon, the official presidential account wrote: “My message to the companies that run gas stations and set prices at the pump is simple: this is a time of war and global danger.”
“Reduce the price you charge at the pump to reflect the price you pay for the product,” Biden added. “And do it now.”
Later on Saturday, the second-richest person in the United States criticized Biden’s tweet.
“Oh. Inflation is too important an issue for the White House to continue making statements like this,” Bezos, the founder of Amazon and owner of the Washington Post, posted.
“This is either misdirection or a profound misunderstanding of underlying market dynamics.”
Oh Inflation is too important an issue for the White House to keep making statements like this. This is either misdirection or a profound misunderstanding of underlying market dynamics. https://t.co/XgKfEICZpk
— Jeff Bezos (@JeffBezos) July 3, 2022 President Biden told reporters that Americans will have to pay high gas prices “as long as necessary” to end the war in Ukraine. Susan Walsh/AP. Gas prices could rise if hurricane season causes significant disruptions to U.S. oil refineries. Nam Y. Huh/AP
The reverse comes as Americans pay higher gas prices amid Russia’s February invasion of Ukraine and inflation.
On Thursday, Biden told reporters that American vehicle owners would have to pay high gas prices “as long as it takes” to end the war.
Charging costs may rise further.
Jeff Bezos chastised President Biden for blaming gas station companies for pump prices. Mandel Ngan/AFP via Getty Images
Gas prices could soar from their current near-record levels to “apocalyptic” heights if the hurricane season causes significant disruptions to U.S. oil refineries, an industry expert warned last month.
Saturday wasn’t the first time the president and an outspoken American billionaire have engaged in a war of words recently.
In early June, it was revealed that billionaire Elon Musk has such a “super bad feeling” about the US economy under President Biden that he plans to lay off about 10% of workers at Tesla, his electric car company.
Biden responded to Musk’s viewpoint by attacking Musk and his company SpaceX.
“Good luck on his trip to the moon,” Biden said.
That prompted Musk to hit back on Twitter with a link to a 2021 NASA press release about SpaceX winning a $2.89 billion contract to send the next American astronauts to the moon.
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