Biden Calls on FTC to Investigate Rising Gas Prices

President Biden is calling for an investigation into oil and gas companies as he searches for a way to lower gas prices. 

President Biden is calling for an investigation into oil and gas companies as he searches for a way to lower gas prices.  Mr. Biden has ordered the federal trade commission to look into whether illegal conduct is pushing up prices at the pump.  He did not cite any specific evidence of wrongdoing in a letter sent to the FTC but he says prices remain high even though oil and gas companies’ costs are declining.  Oil companies claim prices are surging because of increased demand since covid-19 lockdowns.  This is President Biden’s latest move to ease prices at the pumps.