Amazon Owner Jeff Bezos Goes 'Ouch' over Biden's Appeal to Lower Gas Rates | World News
Amazon owner Jeff Bezos has criticized US President Joe Biden for calling on oil companies to lower gasoline prices. Washington [US], July 4 (ANI): Amazon owner Jeff Bezos has criticized US President Joe Biden for calling on oil companies to lower gasoline prices. "My message to the companies running gas stations and setting prices at the pump is simple: this is a time of war and global peril. Bring down the price you are charging at the pump to reflect the cost you're paying for the product. And do it now," Biden said in a tweet on July 2. Reacting to his statement, Bezos said that Biden's remarks amounted to "either straight ahead misdirection or a deep misunderstanding of basic market dynamics." "Ouch. Inflation is far too important a problem for the White House to keep making statements like this. It's either straight ahead misdirection or a deep misunderstanding of basic market dynamics," he said on July 3. Prices of gasoline at the pump i...