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OPINION: This article contains commentary which reflects the author’s opinion
As gas prices continue to rise and Americans are forced to pay more at the pump amid other inflationary pressures, President Joe Biden has decided it’s time to act.
But rather than implement policies that would ensure a more adequate supply of gas, heating oil, natural gas, and other fossil fuels, which would go a long way toward lowering prices, Biden is taking a different strategy: He ordered the Federal Trade Commission to investigate whether oil companies were intentionally price-gouging consumers.
This, after years of far lower gas prices under former President Donald Trump, whose policies unlocked U.S. gas and oil production to such a level that prices fell to decades-long lows and America became a net fossil fuel exporter for the first time in 2019 since 1952.
“The Federal Trade Commission has authority to consider whether illegal conduct is costing families at the pump. I believe you should do so immediately,” Biden wrote in a letter to FTC Chairwoman Lina Khan, according to The Hill newspaper…