Biden mindlessly yells at gas station
owners to slash prices at the pump: ‘Do
it now’
BizPac Review,
by
Terresa Monroe-Hamilton
Original Article
Posted By: ladydawgfan,
9/29/2022 9:08:49 AM
President Biden once again shirked any responsibility for skyrocketing gas prices and instead demanded that gas stations cut prices at the pump for drivers despite their costs to stay in business being dictated by the market. [Video]
His flawed economic reasoning is that oil prices are dropping. Oil prices are not the only factor in the price of a gallon of gasoline. Taxation and crushing regulation as well as progressive policies have a lot to do with it. It’s almost as if Biden and the left want to drive gas stations out of business.
In a meeting with economic aides on Monday, Biden excoriated gas stations,
Reply 1 - Posted by:
felixcat 9/29/2022 9:12:43 AM (No. 1290827)
pResident Joe Biden is long past that point where anyone should just laugh aside his behavior as Joe being Joe or it's just another gaffe. The man is old, his mind is failing (and there wasn't much there before) and his anger is becoming more and more obvious. He is a disgrace to the Office of the President and to this country.
And all the sycophants in the media, including many/most at Fox and even Newsmax should just stop with being so deferential to this joke of a president. Call a spade a spade.
24 people like this.
Reply 2 - Posted by:
Hazymac 9/29/2022 9:21:33 AM (No. 1290834)
This illegitimate imposter, who is the one person most responsible for exploding energy costs, apparently doesn't realize that gas station operators make a small enough profit on gasoline sales that they have to run convenience stores selling products with much higher mark ups in order to stay in business. It's beyond insulting that Josef Stolen knows so little about that marketplace. He's an idiot in full.
26 people like this.
Reply 3 - Posted by:
lakerman1 9/29/2022 9:22:15 AM (No. 1290836)
Sad. Absurd. Embarrassing.
15 people like this.
Reply 4 - Posted by:
Mass Minority 9/29/2022 9:22:47 AM (No. 1290838)
Gas station profit margins are quite small, not as small as grocery stores but close. I think I read once that the biggest profiteer in the gasoline supply chain was state and federal governments, whose tax piece of the pie dwarfs all others.
27 people like this.
Reply 5 - Posted by:
JHHolliday 9/29/2022 9:34:40 AM (No. 1290857)
#2 is correct. A longtime friend that serviced my car for years had to close. He couldn’t make enough on selling gas and oil changes. His station is now a convenience store. Gas is just a loss leader to get you in the store to buy snacks and beer.
17 people like this.
Reply 6 - Posted by:
MDConservative 9/29/2022 9:35:10 AM (No. 1290859)
Let's dump Joe for Kamela, who thinks North Korea is an ally. Great idea!!
10 people like this.
Reply 7 - Posted by:
joew9 9/29/2022 9:35:19 AM (No. 1290861)
I remember my Dad, (a businessman) explained it to me when I was only knee-high to a grasshopper. Grocery stores make about 1% profit on average from everything in the store. That seems low but consider that the entire inventory(representing the investment made by the owner) is sold in a week or so then it's restocked and the 1% is made again. So using that math exactly the annual profit would be 52%. But in reality it's not that much. More like 25% but you get the idea.
Very small profit on short term holdings when repeated many times over a year multiplies to something bigger. Same applies to gasoline. Very low profit but the gasoline in the tanks(the investment) is refilled about once per week. So the annual profit can change dramatically on an extremely small change in the weekly profit. Therefore, a gas station can change to a 0% annual profit with nothing noticeable to the consumer at the pump.
6 people like this.
Reply 8 - Posted by:
jalo1951 9/29/2022 9:38:10 AM (No. 1290865)
FJB understands NOTHING about EVERYTHING.
22 people like this.
Reply 9 - Posted by:
bighambone 9/29/2022 9:48:42 AM (No. 1290882)
About the last thing that the Petroleum industry and gasoline distributors and retailers are going to do in this moment in time is listen to and comply with Biden’s incoherent and totally politicized rants.
9 people like this.
Reply 10 - Posted by:
F15 Gork 9/29/2022 9:50:18 AM (No. 1290887)
My guess? Biden never had a paper route, ran a lemonade stand or much of anything else growing up. When the kids in the neighborhood were choosing up sides for whatever, I suspect he was the last one chosen. I further suspect he was a follower and not a leader at anything......probably liked playing house with the girls though.
15 people like this.
I think it is possible to be more stupid than Joe Biden, but it would really take a lot of effort
15 people like this.
Reply 12 - Posted by:
Heil Liberals 9/29/2022 10:11:45 AM (No. 1290915)
My guess is that he just had a huge bowel movement in his nappy and felt the need to lash out. Unfortunately for him, there were no MAGA men or women around to harangue, so he took it out on the last thing he was thinking about. Gas stations! They are his new Corn Pop.
4 people like this.
Reply 13 - Posted by:
stablemoney 9/29/2022 10:25:50 AM (No. 1290930)
Biden is an economic moron. If you have 100 buyers, a supplies for 50 buyers, then you can ration the gas by pricing to eliminate 50 buyers, or you can have the government issue ration coupons for 50 buyers. Either way, only 50 buyers are going to get any gas. Market rationing is better than government rationing, as those customers that want or need the gas most will pay for it.
6 people like this.
Reply 14 - Posted by:
garyhope 9/29/2022 10:38:36 AM (No. 1290951)
So called POTUS Bye-DUMB is not just about fake gas prices but about the theft of the American way and life.
The outright theft of the 2020 election is about the total subversion of The United States Of America by a criminal cabal of left wingers and America haters by Hussein Obammy, Hellary Clintoon, Nancy The PigLousy and behind it all,....George Soros.
It's a coup d'etat by the voting booth and fake and phony ballots. A major criminal act. Total treason. BiDUMB is the least of our problem. He's just a showroom dummy and marionette on a so called Democraptic string.
Bidumb and the Dimocraps and the theft and phoniness of his "election" are the worst political scandal in my long old lifetime. There are a lot of people responsible for this absolute criminal enterprise that should be in prison or lined up in front of a firing squad. Absolutely scandalous. Criminal treason.
7 people like this.
Reply 15 - Posted by:
EJKrausJr 9/29/2022 10:41:12 AM (No. 1290954)
The last time Lame Duck was in a gas station, he complained that the person behind the counter spoke a Southern Asian accent. That's how much Lame Duck knows about running a gas station. He knows Nothing. No Joke.
6 people like this.
Reply 16 - Posted by:
john56 9/29/2022 10:44:29 AM (No. 1290958)
You know, ol' Sleepy Creepy Crooked President Uncle Joe is smarter than you think. He found out why gas prices went up.
It was a chance meeting at the Shady Lane Casino and Shooting Gallery in Elko, Nevada in mid-January 2021. Two guys met at the Roulette wheel and became friends. Then, later, at the gun range, the plot was set.
Harry, from Harry's Citgo in Machias, Maine and Jose from Louie's Gas, Tire and Repair Station in Yuba City, California were the two guys. Over drinks that night, they hatched their plan. When they each got home, they would raise the price of gas in their station by a nickel per gallon. And when everybody in town matched their nickel, they would raise them another nickel. And the plot worked!
6 people like this.
Reply 17 - Posted by:
smokincol 9/29/2022 10:51:35 AM (No. 1290967)
" ... ‘Do it now’ " = Yavul, Mein Feuhrer do you want us to do it to the Jews, too? Johnnie Walker, Black is taking its toll on the buffoon
2 people like this.
Reply 18 - Posted by:
GoodDeal 9/29/2022 10:51:43 AM (No. 1290968)
Totally detached from all reality. Please someone do something to relieve the insanity.
4 people like this.
Reply 19 - Posted by:
Hazymac 9/29/2022 10:53:01 AM (No. 1290970)
Maybe Big Pharma needs to make a new variety of Beano, only this time the medicine won't be for the alimentary system but for the brain. Earlier this year Camilla Parker-Bowles experienced a loud fragrant bilabial fricative blast from the colon of the Bidiot. I'd be astonished if the low class fellow hadn't asked her to pull his finger first. But his colonic flatulence clears only elevators and rooms. What is to be done about a brain with constant flatus?
5 people like this.
Reply 20 - Posted by:
DVC 9/29/2022 11:09:46 AM (No. 1290996)
Demented old man yelling at the sky. HE and his evil minions intentionally created this price spike, and the gas stations only pass on the prices that they get from their suppliers with a small markup.
Joe was an idiot before his brain broke, and has been a liar his entire miserable life.
10 people like this.
Reply 21 - Posted by:
rytwng 9/29/2022 11:24:51 AM (No. 1291031)
The fake president caused the high prices but doesn't remember. Could someone remind him that he is a idiot/
6 people like this.
Reply 22 - Posted by:
mc squared 9/29/2022 11:37:16 AM (No. 1291042)
Says the man who never had a job; just politics. As for me: I'm not that STUPID joe.
6 people like this.
Reply 23 - Posted by:
MDConservative 9/29/2022 11:39:07 AM (No. 1291043)
#7 - That math really doesn't work. That inventory turnover has a cost each time. So the store buys 52 loads of goods and sells each load at a one percent profit. It's still only a one percent profit on each load and the eventual total.
Let's say each load costs $1000, and let's ignore other overhead expenses. $1000 x 0.01 is $10 so the store buys another $1000 load and sells it, profiting another $10. On their $2000 total purchase they profited $20...that's still one percent no matter how many times repeated.
Supermarkets and other retail businesses make their money on volume, profiting that one percent on many thousands/millions of dollars in turnover (sales).
3 people like this.
Reply 24 - Posted by:
Ashley Brenton 9/29/2022 11:47:50 AM (No. 1291053)
Biden is a basketcase. And whoever it is that writes his speeches and talking points like this is probably a "diversity hire", I'm thinking.
4 people like this.
Reply 25 - Posted by:
formerNYer 9/29/2022 12:01:22 PM (No. 1291067)
Get off my LAWN!!!!!
1 person likes this.
Reply 26 - Posted by:
donnaclaire 9/29/2022 12:24:36 PM (No. 1291092)
Biden’s not only stupid and clueless; he’s also mean as hell. Always blaming others for problems he has caused. I wouldn’t trust - nor rely on - him to handle a two-house newspaper delivery route.
4 people like this.
Reply 27 - Posted by:
leonardo 9/29/2022 12:41:39 PM (No. 1291119)
Just realize that Demento and the Cackler are America’s representatives to the world, and shake your head.
It’s NOT their fault, it’s VOTERS’ fault that they are in power.
4 people like this.
Reply 28 - Posted by:
DVC 9/29/2022 12:43:45 PM (No. 1291120)
Re #23, you both are a bit off but are essentially saying the same thing.
52 times weekly sales adds up. Yes, they make a small PERCENTAGE on a large volume of goods. They probably move twenty or thirty million dollars retail value in groceries through in a year. 1% of $30 million is $300K. And the definition of profit is what is left over after all the staff, electricity and rent are paid.
That isn't a huge return on the investment, really.
1 person likes this.
Reply 29 - Posted by:
hershey 9/29/2022 12:47:12 PM (No. 1291127)
Biden mindlessly...there you have it in a nut shell (pun intended)...
2 people like this.
Reply 30 - Posted by:
bad-hair 9/29/2022 1:25:07 PM (No. 1291169)
FTA ... It’s almost as if Biden and the left want to drive gas stations out of business.
As if ? They have said repeatedly and in so many words that they are.
4 people like this.
Reply 31 - Posted by:
FJB 9/29/2022 2:44:18 PM (No. 1291253)
We're seeing feeble Joe Biden making a fool out of himself and all the nitwits who voted for him while Traitor Barry Obama achieves everything he's been trying to do to destroy our nation from Day One. Forget ever getting rid of those commies.
3 people like this.
Reply 32 - Posted by:
clipped wings 9/29/2022 3:50:04 PM (No. 1291320)
#10, nah, he probably preferred playing “doctor.”
2 people like this.
Reply 33 - Posted by:
mifla 9/30/2022 8:53:40 AM (No. 1291759)
Reply from gas station owners: "Joe, feel free to remove the federal tax from gas sales."
1 person likes this.
Reply 34 - Posted by:
doctorfixit 9/30/2022 1:54:16 PM (No. 1292149)
C'mon man! Pen and phone, pen and phone.
If you can wipe out student deadbeat debt, you can decree gas is 50-cents a gallon
Do it now, Brandon!
1 person likes this.
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Dementia Joe yells a version of "Get off my lawn," and the whole world laughs at his economic ignorance.