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

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 consider whether illegal conduct is costing families at the pump. I believe you should do so immediately.”

First, we had him blaming OPEC, now he’s blaming the oil companies. While at the same time, he’s out there promoting a massive infrastructure bill, while being concerned about rising inflation. I’m typically moderate-left with my politics (although I like to take a balanced view of both sides depending on the particular policy) and honestly, I can really see why people on both sides are becoming more and more frustrated with Joe Biden.

However, Biden isn’t the first president to call for oil companies to be investigated. Obama did it before him. It’s not just Democrats either, because George Bush also used the same play, which may surprise some people to hear considering he actually came from the oil industry.