The Tomb of the Unknown Soldier at Arlington National Cemetary in Arlington, Virginia was the site of an event where US President Joe Biden spoke.
President Joe Biden wants the Federal Trade Commission to look into the behavior of energy companies as prices at the pump hover around a seven-year high.
There is mounting evidence of anti-consumer behavior by oil and gas companies, according to a letter from Biden to Khan. The price of unfinished gasoline has fallen, but the price at the pump has not. The letter said that the price of unfished gasoline was well above the pre-pandemic average.
The letter said that Exxon and Chevron, the two largest oil and gas companies in the US, are on track to almost double their net income compared with 2019.
As the administration tries to quell the surge in gas prices and its contribution to inflation across the economy, Vice President Biden has asked for more money. The FTC was asked to investigate price-gouging at the pump by the administration in August.
The administration has said that it is looking at ways to alleviate some of the burden on consumers, which could include using the Strategic Petroleum Reserve.
The national average for a gallon of gas was $3.41 on Wednesday. One month ago, it was $3.31, and one year ago it was $2.12.
