"Justice Department Launches Investigation into Possible Gas Price Manipulation In a move that could have far-reaching implications for the oil industry, the Justice Department has issued a call to action for states to investigate whether major oil companies and individuals are engaging in price-fixing practices that artificially inflate gas prices. The unusual request comes as President Trump has publicly criticized oil companies for not lowering prices quickly enough, despite a recent decline in global oil prices. Associate Attorney General Stanley Woodward Jr. and Federal Trade Commission (FTC) Chair Andrew Ferguson have reached out to state attorneys general, urging them to use all available tools to get to the bottom of the allegations. The investigation could potentially expose widespread price manipulation and lead to significant consequences for those found guilty, but it remains to be seen whether the probe will uncover any wrongdoing."
The Justice Department on Friday called on states to “use all tools available” to investigate whether oil companies and individuals are intentionally inflating gas prices amid complaints from President Trump that they are falling too slowly. Associate Attorney General Stanley Woodward Jr. and Federal Trade Commission (FTC) Chair Andrew Ferguson also informed state attorneys general...
