Biden warns oil companies not to raise gas prices in wake of Hurricane Ian - Fox Business

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President Biden warned oil and gas companies Wednesday not to use Hurricane Ian as an "excuse" to raise gas prices.

President Biden issued a direct warning to energy company executives, threatening to investigate any price gouging in the aftermath of Hurricane Ian.

Do not — let me repeat, do not — use this as an excuse to raise gasoline prices or gouge the American people," Biden said Wednesday as the eyewall moved onshore in Florida.

President Biden speaks during the White House Conference on Hunger, Nutrition, and Health, at the Ronald Reagan Building, Wednesday, Sept.

"My experts informed me the production of only about 190,000 barrels a day have been impacted by the storm thus far," Biden said.

(Eva Marie Uzcategui/Bloomberg via Getty Images / Getty Images).

(BRYAN R. SMITH/AFP via Getty Images / Getty Images).

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