President Biden, speaking at the White House, warned energy industry executives not to raise the price of oil or gas in the aftermath of Hurricane Ian.
, 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. President Biden speaks during the White House Conference on Hunger, Nutrition, and Health, at the Ronald Reagan Building, Wednesday, Sept. 28, 2022, in Washington, D.C.
"My experts informed me the production of only about 190,000 barrels a day have been impacted by the storm thus far," Biden said. "That's less than two percent of the United States daily production impacted for a very short period of time."The president continued, adding that his experts have told him this minimal impact on oil production should not affectA customer fills canisters at a gas station ahead of Hurricane Ian in Tampa, Florida, on Tuesday, Sept. 27, 2022.
"This small temporary storm impact on oil production provides no excuse, no excuse for price increases at the pump. None," Biden told the audience. "If the gas companies try to use this storm to raise prices at the pump, I will ask officials to look into whether price gouging is going on."A gasoline pump is shut down and wrapped in plastic in St. Pete Beach ahead of Hurricane Ian on Sept. 27, 2022, in St. Petersburg, Florida.
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