Biden Asks FTC to Investigate Oil Companies Over High Prices at the Pump

Market Movers
3 min readNov 18, 2021

The president is now calling on the federal trade commission to investigate possible price gouging by energy companies as gas prices are not going down when oil prices are.

In a letter Biden sent to the agency’s chair he said “…I am writing to call your attention to mounting evidence of anti-consumer behaviour by oil and gas companies. The bottom line is this: gasoline prices at the pump remain high, even though oil and gas companies’ costs are declining. The Federal Trade Commission has authority to…

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