Biden said the hurricane “provides no excuse for price increases at the pump.'
"Do not, let me repeat, do not use this as an excuse to raise gasoline prices or gouge the American people," Biden said at the start of a conference on hunger in America and just hours before the hurricane made landfall as a massive Category 4 storm.
There are few signs that average gas prices have jumped significantly in Florida as the hurricane began to approach. AAA put the statewide average at just under $3.40 a gallon, six-tenths of a cent higher than a week ago. Gasoline prices mostly reflect trends in global oil prices, and crude — both the U.S. benchmark and the international Brent — has been slumping since mid-June on growing fears of a global recession that would reduce demand for energy.
Many energy analysts believe prices are more likely to rise than fall in the next few months. But changes in sentiment about the economy,, and even hurricane season — always a threat to disrupt refineries along the Gulf Coast — make predictions uncertain.
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