Joe Biden Statement | Why Joe Biden warned oil and gas companies


According to the American President Joe Biden Statement President warned oil and gas companies Wednesday not to use Hurricane Ian as an excuse to hike prices at the gas pump. In Florida, state law prohibits selling essential commodities including gasoline at a “unconscionable price” during an emergency declaration. 
(Joe Biden Statement) A price is considered “unconscionable”.  When there is a gross disparity between the price during an emergency compared to the 30 days beforehand. Biden said only 190,000 barrels of oil in the Gulf of Mexico have been impacted. So far by Hurricane Ian, accounting for just 2% of daily U.S. production.
If gas companies use Hurricane Ian to raise prices at the pump, Biden said he would ask federal authorities to investigate whether price gouging is occurring.
“America’s watching. The industry should do the right thing.”


Joseph Robinette Biden Jr. is the 46th and current President of the United States of America. He previously served as President Barack Obama’s 47th vice president from 2009 to 2017. He previously represented Delaware in the United States Senate from 1973 to 2009.

During a flare-up in the Israeli-Palestinian conflict in May 2021, Biden expressed his support for Israel, saying, “my party still supports Israel.” Biden will make his first trip abroad as president in June 2021. He travelled to Belgium, Switzerland, and the United Kingdom in eight days. He attended a G7 summit, a NATO summit, and an EU summit, as well as meeting with Russian President Vladimir Putin one-on-one.

On June 17, Biden signed the Juneteenth National Independence Day Act, making Juneteenth a federal holiday. Since 1986, Juneteenth has been the first new federal holiday. In July 2021, amid a slowing of the COVID-19 vaccination rate in the country and the spread of the SARS-CoV-2 Delta variant. Biden declared that the country is in the midst of a “pandemic for those who haven’t gotten the vaccination,” and that it is therefore “gigantically important” for Americans to be vaccinated. In the fall of 2021.

Biden announced AUKUS, a security treaty between Australia, the United Kingdom, and the United States to secure “long-term peace and stability in the Indo-Pacific”. The agreement includes nuclear-powered submarines built for Australian use.
After beginning the year with dismal popularity ratings due to inflation and rising gas prices, which continued to slide to below 40% in aggregated surveys by February . Biden started steps to improve his public image in early 2022. He began the year by endorsing a filibuster reform bill.
Biden and Ketanji Brown Jackson watching the U.S. Senate vote on her confirmation, April 2022.

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