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Biden Tells Oil Companies ‘Bring Down Prices You’re Charging’

  • Oil companies are making record profits, president notes
  • Americans still feeling pain at the pump across the country
Joe Biden during a meeting of the White House Competition Council on Sept. 26.
Joe Biden during a meeting of the White House Competition Council on Sept. 26.Photographer: Chris Kleponis/CNP/Bloomberg

While US gasoline prices have come down from the highs seen this summer, they’re clearly still weighing on President Joe Biden, who on Monday repeated demands for oil companies to charge less.

“Last month, the price of oil worldwide is down,” Biden said at a meeting of the White House Competition Council. “We haven’t seen the lower prices reflected at the pump, though. Meanwhile, oil and gas companies are still making record profits -- billions of dollars in profit.”