11/17/2021, 8:17 PM (Source: TeleTrader)
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FTC can look into gas pricing - WH

White House Deputy Press Secretary Chris Meagher stated on Wednesday that the United States Federal Trade Commission has the authority to look into how companies set gas prices.

Meagher pointed that even though refined fuel costs have been going down, gas prices at the pump have been increasing. Moreover, he asserted that stock dividends of gas companies being up is potential evidence that malpractice in the industry is happening.

Earlier today, US President Joe Biden asked the FTC to probe energy firms over how they set gasoline prices, a decision that was criticized by the American Petroleum Institute.

Baha Breaking the News (BBN) / OL