Biden Calls On FTC To Investigate Oil Companies And High Gas Prices

President Joe Biden has asked the Federal Trade Commission to investigate the possibility of oil companies’ involvement in price trends in retail fuels, alleging illegal conduct on the part of the companies. There is allegedly “mounting evidence of anti-consumer behavior by oil-and-gas companies,” according to a letter sent by the White House to FTC chairwoman Lina Khan, as cited by the Wall Street Journal. Despite the fact that unblended gasoline prices were down by more than 5 percent over the last month, the letter said, finished…