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07.12 - 23:45
Biden Asks FTC to Examine Oil, Gas Companies’ Role in High Gasoline Prices
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WASHINGTON—President Biden called on the Federal Trade Commission to investigate whether oil-and-gas companies are participating in illegal conduct aimed at keeping gasoline prices high, in the latest effort by the White House to respond to public concerns about costs for everything from fuel to groceries.
Outside analysts expressed skepticism that the FTC would find enough evidence to substantiate Mr. Biden’s allegations, and they said the president has few options for quickly lowering gasoline prices.
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