White House calls for gasoline stations to lower prices after oil’s drop

White House press secretary Jen Psaki on Wednesday urged operators of gasoline RB00, -1.11% stations to pass on the recent retreat in oil prices CL00, -1.59% to Americans. “Retail gasoline prices are updated at least daily, and if gas retailers’ costs are going down, they need to immediately pass those savings on to consumers,” she told reporters during a briefing. President Joe Biden made the same point on gasoline earlier Wednesday, tweeting that oil prices are decreasing, so “gas prices should too.”