Home » Oil prices continue to soar, Biden promotes “illegal behavior” behind investigation | Gasoline prices | NTD Chinese TV Online

Oil prices continue to soar, Biden promotes “illegal behavior” behind investigation | Gasoline prices | NTD Chinese TV Online

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Beijing time:2021-11-18 11:23

[NTD News November 18, 2021 Beijing time]Crude oil prices have fallen recently, but oil prices are still soaring. US President Biden instructed relevant departments to investigate the possible illegal behavior behind it.

On Wednesday, US President Biden asked the “Federal Trade Commission” to investigate oil and gas companies to clarify whether they have “anti-consumer” behavior.

Biden said that under normal circumstances, gasoline prices fluctuate with crude oil prices. But last month, while crude oil prices fell by 5%, gasoline prices rose by 3%.

According to the forecast of the American Automobile Association (AAA), approximately 48 million people will travel by car during the Thanksgiving holiday.

The average price of gasoline this week was about $3.4, a record high since 2014. In California and the Pacific Northwest, oil prices reach as high as $4.

NTD reporters Zhao Fenghua and Mingyu report in New York

The URL of this article: https://www.ntdtv.com/gb/2021/11/17/a103271229.html

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