House passes bill targeting alleged price gouging amid high gas prices

House passes bill targeting alleged price gouging amid high gas prices

This post was originally published on this siteThe House has voted 217-207 to pass a bill that gives the Federal Trade Commission the authority to investigate energy companies for alleged price gouging as prices at gas pumps nationwide hit record highs.

Read more
Oil executives defend against accusations of price gouging at House panel hearing

Oil executives defend against accusations of price gouging at House panel hearing

This post was originally published on this siteProfits are rising for oil companies. NPR’s Steve Inskeep talks to Democratic Rep. Lori Trahan of Massachusetts about accusations that those firms are price gouging and profiting from the Ukraine war.

Read more
‘There should be consequences’: Ocasio-Cortez slams big oil price gouging

‘There should be consequences’: Ocasio-Cortez slams big oil price gouging

This post was originally published on this site Rep. Alexandria Ocasio-Cortez on Monday took aim at corporate profiteers, calling for “consequences” for those who price gouge under the pretext of record inflation and international crises. Responding to a tweet from MSNBC host Stephanie Ruhle, who asked “what’s going on” with...

Read more