Business

Biden asks the FTC to investigate the role of oil, gas companies in high gasoline prices

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WASHINGTON — President Biden asked the Federal Trade Commission to investigate whether oil and gas companies are engaging in illegal behavior with a view to keeping gas prices high.

In a Wednesday letter to FTC leader Lina Khan, Biden claimed that there is “increasing evidence of anti-consumer behavior from oil and gas companies”. He said that petrol prices are rising even though the price of unfinished petrol is falling.



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