If gas was $4.00 a gallon and the oil companies adjusted their prices solely to account for inflation (8.6%) the price of gas would be $4.34 a gallon.
$6.00 a gallon has nothing to do with inflation. It’s price gouging.
Imagine spending every day attacking Democrats for high gas prices and then voting against a bill that would crack down on price gouging consumers … that’s what every single Republican in Congress just did … make no mistake about it, they’re on the side of Big Oil, not yours.
Hate kills. Over and over again. All who traffic in it, stoke it, normalize it, use it as a basis for political power, and make money off of it should be denounced, discredited, defunded, and voted out of office. Corporate sponsors bear a special responsibility.
So let me get this straight: corporate profits hit record highs last year, but corporations are still jacking up prices on consumers in the name of inflation?
In the hours since President Biden announced that the U.S. would ban imports of Russian oil as punishment for its invasion of Ukraine, several Republican politicians have attempted to blame him for rising gas prices. https://t.co/CyUCuCdLKw
Gas prices are rising at their fastest pace ever and have topped $4 for the first time since 2008.
Just a reminder that America gets 1% of its oil from Russia, while Exxon, Chevron, BP and Shell profits are at their highest level in over 7 years.
Beef prices rose 30 percent, while meatpackers have been celebrating an average of 120 percent increase in profits.
The cost of Proctor and Gamble diapers, toothpaste, detergent, and tampons has risen throughout the pandemic while P&G has boasted record-breaking profits.