By Thomas Catenacci
Daily Caller News Foundation
President Joe Biden asked Federal Trade Commission Chair Lina …
By Thomas Catenacci Daily Caller News Foundation President Joe Biden asked Federal Trade Commission Chair Lina Khan to investigate alleged price gouging by U.S. gasoline providers in a letter sent Wednesday. The president suggested to Federal Trade Commission (FTC) Chair Lina Khan that the regulatory agency should “immediately” initiate a review of the alleged practice of needlessly hiking gasoline prices, according to the letter posted on Twitter by White House spokesperson Vedant Patel. Biden added that the two largest fossil fuel companies in the U.S. — ExxonMobil and Chevron, based on earnings — are on track to see massive revenue growth this year. “I am writing to call your attention to mounting evidence of anti-consumer behavior by oil and gas companies,” the president wrote to Khan. “The bottom line is this: gasoline prices at the pump remain high, even though oil-and-gas companies’ costs are declining. The Federal Trade Commission has authority to consider whether illegal conduct is costing families at the pump. I believe you should do so immediately.
