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Biden warns oil companies not to raise gas prices in wake of Hurricane Ian
Biden warns energy companies not to raise gas prices in wake of Hurricane Ian
President Biden warned oil and gas companies Wednesday not to use Hurricane Ian as an “excuse” to raise gas prices.
President Biden issued a direct warning to energy company executives, threatening to investigate any price gouging in the aftermath of Hurricane Ian.
Major oil producers, including BP and Chevron, shut some offshore production in the Gulf of Mexico this week as Ian gained strength.
"I want to add one more warning […] to the oil and gas industry executives. Do not — let me repeat, do not — use this as an excuse to raise gasoline prices or gouge the American people," Biden said Wednesday as the eyewall moved onshore in Florida.