Biden's message is not a dictate or an order. It is a suggestion. American gas companies are reporting 3x - 4x the profits that they did a year ago. That tells us that those companies are raising prices to pocket money from customers. That is their right, but it is detrimental to our country.
It is true that he can't dictate to them... but he literally DID do that. Of course they are raising the prices in response to cut off, incoming fuel, and pipe lines. It's known as the "invisible hand" of the marketplace. Simply put, supply and demand drive the prices. When there is less supply the price increases. When there is a lot of supply, the price drops. When there is a heavy demand and less supply, the prices go up a LOT. That is what is happening. While Biden can't dictate the prices (yet, which after last nights speech seems to be the direction this administration is going) he certainly CAN dictate the supply, and has done so.
Biden's message is not a dictate or an order. It is a suggestion. American gas companies are reporting 3x - 4x the profits that they did a year ago. That tells us that those companies are raising prices to pocket money from customers. That is their right, but it is detrimental to our country.
It is true that he can't dictate to them... but he literally DID do that. Of course they are raising the prices in response to cut off, incoming fuel, and pipe lines. It's known as the "invisible hand" of the marketplace. Simply put, supply and demand drive the prices. When there is less supply the price increases. When there is a lot of supply, the price drops. When there is a heavy demand and less supply, the prices go up a LOT. That is what is happening. While Biden can't dictate the prices (yet, which after last nights speech seems to be the direction this administration is going) he certainly CAN dictate the supply, and has done so.