Biden claims there's an unexplained large gap' between the price of unfinished gasoline, down 5% since last month, and the average price at the pump.

Reuters

United Kingdom

Biden asks FTC to redouble probe of possible 'illegal conduct' by oil, gas companies

President Biden sent a letter to Federal Trade Commission Chair Lina Khan Wednesday asking the agency to determine whether “illegal conduct” by large oil and gas companies is pushing up gasoline prices.Why it matters: It's unlikely that the letter will bring down gas prices any time soon, though an FTC investigation could clarify how such companies determine prices.Stay on top of the latest market trends and economic insights with Axios Markets.…

Yahoo News

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Los Angeles County

California

United States

Biden asks FTC to probe gas and oil companies for “illegal conduct” amid rising prices

U.S. President Joe Biden on Wednesday said there was mounting evidence of anti-consumer behavior by oil and gas companies and asked the Federal Trade Commission to dig deeper into possible anti-competitive or "illegal conduct" in the market.

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Biden asks regulators to examine possible 'illegal conduct' by oil and gas companies as prices soar

With gas prices soaring, President Joe Biden on Wednesday called for the FTC to probe possible 'illegal conduct" by oil and gas companies.

abc News

The Walt Disney Company

With gas prices soaring, Biden calls for probe into possible 'illegal conduct'

President Joe Biden asked the Federal Trade Commission on Wednesday to "immediately" investigate whether illegal activity by oil and gas companies is pushing up gas prices.

Warner Bros. Discovery

Atlanta

Fulton County

Georgia

Biden asks FTC to 'immediately' look into whether illegal conduct is pushing up gas prices

President Biden on Wednesday asked the head of the Federal Trade Commission to investigate whether oil companies are illegally increasing prices at the pump, as he scrambles to assuage voters' anger over soaring consumer prices."The Federal Trade Commission has authority to consider whether illegal conduct is costing families at ...

Washington Times

The Washington Times LLC

Biden, under fire for inflation, calls on FTC to probe oil firms for high gas prices

Broadband mapping, privacy and competition issues are all atop a confirmation hearing agenda.

The Washington Post

Jeff Bezos

Analysis | Four key questions for Biden’s FTC, FCC nominees

President Joe Biden (right) has asked the Federal Trade Commission to investigate whether large oil and gas companies are engaging in ‘illegal conduct’ as gas prices rise (Pictures: Getty Images)President Joe Biden has called on the Federal Trade Commission (FTC) to investigate whether big oil companies are engaging in ‘illegal conduct’ amid a surge in gasoline prices. In a letter to FTC chair Lina Khan on Wednesday, Biden claimed there is ‘moun…

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London

Greater London

England

Joe Biden calls for gas price surge 'illegal conduct' investigation by FTC

The Biden Administration is asking the Federal Trade Commission to investigate "mounting evidence of anti-consumer behavior" by energy companies as gas prices hover at multi-year highs.

CNBC

Roberts family

Biden calls on FTC to probe anti-consumer behavior by energy companies as gas prices soar

The cost of gasoline is up nearly 50% from a year ago, the latest Consumer Price Index showed.

CBS News

National Amusements

Michael Redstone

President Biden calls on the Federal Trade Commission to look into whether "illegal conduct" is pushing gas prices up

Biden asks FTC to redouble probe of possible 'illegal conduct' by oil, gas companies

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