President Joe Biden on Monday issued a firm declaration to fuel companies in the United States, ordering them to lower fuel prices for consumers to a level the president said would reflect what the product actually costs. Biden made the remarks at a meeting of the White House Competition Council, which the president established by executive order last July.
Gas prices
- Gas prices reached record levels earlier this year as supply chain crises and inflation sent fuel costs at the pump soaring to unheard-of levels.
- Those prices have been declining over the past few months, with AAA noting that gas prices on Sept. 27 were down 11 cents per gallon relative to a month ago.
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