Amazon founder Jeff Bezos has slammed US President Joe Biden for urging oil companies to slash sky-high gas prices.
Amazon founder Jeff Bezos renewed his feud with the White House over the weekend when the world's third-richest man lashed out at US President Joe Biden for asking gas station owners to cut prices.
In a tweet on Saturday, Biden said, "This is a time of war and global danger," and urged companies to cut gasoline prices, which have risen to around $5 a gallon in many parts of the country.
"Subtract the price you charge at the pump to reflect the price you pay for the product. And do it now," said the President.
Shortly after, Bezos tweeted, "Oh. Inflation is too important for the White House to make such a statement. It is a misguided or profound misunderstanding of the underlying market dynamics."
On Sunday, White House Press Secretary Carine Jean-Pierre brushed off Bezos' criticism, saying oil prices have fallen about $15 a barrel over the past month, while gas station prices are "nearly" tumbling.
"But I don't think it's surprising when you think that oil and gas companies using market power to make record profits at the expense of the American people is how our economy should work," he tweeted.
Bezos has clashed with the Biden administration in the past. In May, he accused Biden of misleading the public and blamed his administration for rising inflation. Live TV