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Reading: Biden Asks FTC to Examine Whether Oil, Gas Companies Are Inflating Gas Prices
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The Wall Street Publication > Blog > Business > Biden Asks FTC to Examine Whether Oil, Gas Companies Are Inflating Gas Prices
Business

Biden Asks FTC to Examine Whether Oil, Gas Companies Are Inflating Gas Prices

Editorial Board Published November 17, 2021
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Biden Asks FTC to Examine Whether Oil, Gas Companies Are Inflating Gas Prices
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WASHINGTON—President Biden called on the Federal Trade Commission to investigate whether oil-and-gas companies are participating in illegal conduct aimed at keeping gasoline prices high.

In a Wednesday letter to FTC Chair Lina Khan, Mr. Biden alleged that there is “mounting evidence of anti-consumer behavior by oil-and-gas companies.” He said gasoline prices are rising even as the price of unfinished gasoline goes down.

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