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

<i>Evan Vucci/AP</i><br/>President Joe Biden asked the Federal Trade Commission on Wednesday to
AP
Evan Vucci/AP
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. Biden is shown here on the South Lawn of the White House

By Kevin Liptak, CNN

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.

In a letter to the FTC commissioner, Biden cites “mounting evidence of anti-consumer behavior 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,” he wrote.

He cited a “unexplained large gap” between the price of unfinished gasoline and average prices at the pump as evidence of potential wrongdoing.

“I do not accept hard-working Americans paying more for gas because of anti-competitive or otherwise potentially illegal conduct. I therefore ask that the Commission further examine what is happening with oil and gas markets, and that you bring all of the Commission’s tools to bear if you uncover any wrongdoing,” he wrote.

This story is breaking and will be updated.

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Comments

35 Comments

      1. He’s shutting down pipelines. He’s shutting down production. He’s promoting anti-oil and gas policies. He’s talking through his b@ck.side about EV’s which are NOT sustainabke. He’s forcing us to buy gas from other countries. His stupid mask mandates are requiring fuel truckers to lose their jobs or can’t enter certain states. I could go on and on. The list is long.

        1. He shut down construction on one pipeline that was never in service. So that had nothing to do with supply. The other things you mention have nothing to do with gas prices. Of course he’s promoting electric cars. They produce no co2.

          1. How many people do you know that drive an electric car? How many charging stations are there in El Paso?

  1. Joe Crow biden is reaching at straws to cover his incompetency. He is even having his cronies look into how to replace the cackling hen as VP. As horrendously incompetent that the cackling hen is, Joe Crow is even worse and all his failures are his alone even if he tries to blame it on everybody else.

  2. “Most say President Joe Biden has done “not much” or “nothing” since taking office, an ABC News/Washington Post survey released this week found.” 63% disapprove of senile Joe.

      1. Good laugh on senile Joe. Prove it with facts moron. Trumps biggest accomplishment is the 6 – 3 SCOTUS nitwit. That’s making leftists heads explode every day. Plus he defeated ISIS in Syria and Iraq. All Obama did was draw a line in the sand and hid. He fast tracked the covid vaccine that you got last year. You can thank him if you are vaccinated.

  3. I’m glad we had this opportunity to hear the opinions of the highly educated holders of doctorate degrees in world economics. Should we nominate this group of ignorant white trash for the Nobel Prize in Energy Economics?

  4. I used to think chuckles the criminal liked to poke just to get people mad but the comment about brandon doing more than the past President? He is just soft between the ears and it’s unfortunate that his handlers are’nt aware he’s at a terminal expressing his delusional views

  5. Did you notice since beto the village idiot was’nt getting good results in the comment section they dropped the biggest ‘local boy tries again’ news in a week, quick

      1. Since you are a fascist, why are you watching KVIA? Shouldn’t you be watching FOX? By the way, there is no such party as the Socialist Democratic Party.

  6. Senile Joe’s latest poll ratings. “Americans give President Biden a negative 36 – 53 percent job approval rating, while 10 percent did not offer an opinion. It’s the lowest job approval rating he’s received in a Quinnipiac University national poll. In mid-October, he received a negative 37 – 52 percent job approval rating.” If he was given the Trump treatment he would be under 30%.

      1. Hey nitwit Trump has nothing to do with Biden’s trainwreck and his dismal poll numbers. Senile Joe is doing just fine in the polls that show he is incompetent and people do not trust him. Your extreme TDS blinds you. The Republican Party is alive and well. Just wait until 2022. It will be 1994 all over again.

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