President Biden asked the FTC to 'immediately' investigate whether illegal activity by oil and gas companies is pushing up gas prices as he searches for a way to reduce pain at the pump.
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 as he searches for a way to reduce pain at the pump.
The move isn't likely to have an immediate effect on the price consumers are paying for gas, which has recently soared as post-pandemic demand outpaces supply. But Biden is seeking ways to show he is working to bring prices down, and the FTC's findings could help in the long run if they find wrongdoing.
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