Congress

Democrats Demand DOJ Probe Into Oil Industry Price-Fixing Allegations

Nearly two dozen Democratic senators, led by Senate Majority Leader Chuck Schumer, say industry collusion led to higher fuel prices.
Democrats Demand DOJ Probe Into Oil Industry Price-Fixing Allegations
Senate Majority Leader Sen. Chuck Schumer (D-N.Y.) at the White House, on Feb. 27, 2024. Madalina Vasiliu/The Epoch Times
Andrew Moran
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Senate Majority Leader Chuck Schumer (D-N.Y.) and 22 Democratic senators urged the Department of Justice (DOJ) to investigate allegations of price-fixing in the oil and gas industry.

Democrats in the upper chamber, joined by Sen. Bernie Sanders (I-Vt.), requested Attorney General Merrick Garland to determine whether oil and gas firms illegally colluded to ensure high fuel costs, exacerbating inflation pressures in the U.S. economy.
Andrew Moran
Andrew Moran
Author
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."