© AFP via Getty Images/ Nicholas KammUS President Joe Biden has attempted to push the blame for an increase in gas prices on Russian President Vladimir Putin.
"Working on it Mr. President," the industry group said in the snarky post. "In the meantime - have a Happy 4th and please make sure the WH intern who posted this tweet registers for Econ 101 for the fall semester..."
One day earlier, Biden had once again tried to pin the blame for record-high gas prices on alleged gouging by refiners following Russia's invasion of Ukraine.
"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," the president posted on Saturday. "Bring down the price you are charging at the pump to reflect the cost you're paying for the product. And do it now."
Amazon founder Jeff Bezos, the second wealthiest American, responded critically to Biden, tweeting: "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," added Bezos, the owner of the Washington Post newspaper.
In response to Bezos, White House press secretary Karine Jean-Pierre noted Sunday: "Oil prices have dropped by about $15 over the past month, but prices at the pump have barely come down. That's not 'basic market dynamics.' It's a market that is failing the American consumer."
According to AAA, the average nationwide price of a gallon of gas stood at $4.807 as of Monday — down 20.9 cents from the high of $5.016 recorded June 14, but up more than $1.67 from this time last year.
Critics of the Biden administration have blamed the White House for high energy prices, accusing the executive of stifling production of oil and natural gas.
© AAAGas prices are averaging at $4.812 nationwide, but prices are much higher in some states.
"Biden could go to the oil and gas industry and say, 'OK, I've said we're going to get off oil and gas and that you guys are yesterday's industry, but I'm going to drop that,'" Myron Ebell, the director of the Competitive Enterprise Institute's Center for Energy and Environment, told The Post. "Part of the run up in oil prices is the psychology of it," he said.
The president has asked Congress to declare a 90-day gas tax holiday - and for states to follow suit - but received a lukewarm response from lawmakers, including Democrats.
© Getty Images/Lindsey Nicholson
" We have seen the enemy and it is us " ... POGO
Obama / Biden regime - the Three Stooges of government - don't seem to understand that there is a Futures Market for Oil that effectively sets the price of a gallon of gasoline. When the policies of government causes Oil supply disruption, or introduce doubt into the longer term outlook of the supply of Oil - Futures Markets react accordingly and prices per barrel rise.
So Resident Biden, YOU alone have driven up the price of Oil around the world, and have earned well the moniker - FJB !!!