Biden tries to pin high gas prices on industry with FTC investigation

Biden tries to pin high gas prices on industry with FTC investigation


President Joe Biden called on the Federal Trade Commission to investigate oil and gas companies for high gasoline prices, the latest White House attempt to portray itself as addressing high energy prices without taking measures to increase domestic supply of fossil fuels.

Biden asked FTC Chair Lina Khan in a letter Tuesday to “call attention” to gasoline prices increasing despite a decrease in costs for refined fuel and said that industry profits indicate companies are illegally capitalizing on high prices at the pump.

“The bottom line is this: gasoline prices at the pump remain high, even though oil and gas companies’ costs are declining,” Biden said. “The Federal Trade Commission has authority to consider whether illegal conduct is costing families at

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