President Biden calls on the Federal Trade Commission to look into whether "illegal conduct" is pushing gas prices up
CBSN
As gas prices soar across the United States, President Joe Biden called on the Federal Trade Commission to look into whether illegal conduct is driving up the cost of gas prices for families. Americans have seen rising costs, from prices at the pump to shopping at grocery stores.
In a Wednesday letter addressed to Lina Khan, chair of the FTC, Mr. Biden called her attention to "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," Mr. Biden wrote. "The Federal Trade Commission has the authority to consider whether illegal conduct is costing families at the pump. I believe you should do so immediately."
Former heart surgeon and television host Dr. Mehmet Oz is set to face questions Friday from the Senate's finance committee over his nomination to head the Centers for Medicare and Medicaid Services under President Trump.
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