President Biden wonders why the cost of producing gasoline is dropping while prices at the pump are rising. Maybe “illegal conduct” is to blame, he wrote the chair of…
(Newser) – President Biden wonders why the cost of producing gasoline is dropping while prices at the pump are rising. Maybe “illegal conduct” is to blame, he wrote the chair of the Federal Trade Commission on Wednesday, asking Lina Khan to investigate oil and gas companies and “bring all of the commission’s tools to bear if you uncover any wrongdoing.” The president said prices at the pump usually correspond to costs, Politico reports. “But in the last month the price of unfinished gasoline is down more than 5 percent while gas prices at the pump are up 3 percent,” Biden wrote.
