Biden calls for investigation of high gasoline prices

US President Joe Biden has asked the Federal Trade Commission to investigate oil and gas companies' role in consistently surging gasoline prices.

USA's præsident, Joe Biden. | Photo: John Tully/AFP/Ritzau Scanpix

US President Joe Biden has called for the Federal Trade Commission (FTC) to open an investigation into surging gas prices in the US on the suspicion of illegal activities among oil and gas companies, according to several media including CNBC and Wall Street Journal.

Wednesday, Biden sent a letter to FTC asking the trade commission to probe what he describes as "mounting evidence of anti-consumer behavior by oil and gas companies."

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